On February 5, Shandong Fuyu Petrochemical Co., Ltd. restarted its 180,000-ton phenol-ketone unit and began producing premium-grade products. Bisphenol A (BPA) currently has no quoted price.
PriceSeek Analysis
Acetone – Bull-Bear Score: -1
The restart of Shandong Fuyu Petrochemical’s 180,000-ton phenol-ketone unit and its production of premium-grade products have significantly increased acetone supply. As a primary product of the unit, the rise in supply will directly exert downward pressure on spot prices, potentially leading to inventory accumulation and intensified price competition. Considering current market demand, this event is generally bearish for acetone spot prices.
MIBK – Bull-Bear Score: -0.5
The restart of the phenol-ketone unit has increased acetone supply, which may lower the production cost of MIBK, a downstream derivative of acetone. However, since the unit restart does not directly involve MIBK production and there is a lack of clear positive demand-side support, the overall impact on MIBK spot prices is slightly bearish. Downside price risks remain limited, but attention should be paid to subsequent raw material cost transmission.
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