January 9th News
On January 9th, Longjiang Chemical raised its acetone price by 100 yuan to 5,100 yuan per ton. It is reported that the company's 350,000-ton-per-year phenol-acetone plant is operating at full capacity, with acetone contracts being the primary focus, and shipments are proceeding as planned.
Chempricehub Analysis of Acetone, Bull-Bear Score: +1
Longjiang Chemical has increased its spot acetone price by 100 yuan per ton to 5,100 yuan per ton, indicating a tightening of market supply and demand or an increase in demand. Although the company's 350,000-ton-per-year phenol-acetone plant is operating at full capacity, the price hike reflects a tightening supply or strengthened cost support, which is favorable for the spot acetone price. It is expected that the spot price may continue to strengthen in the short term, with a score of +1 (moderately bullish).