February 28th News
On February 28th, Longjiang Chemical lowered its acetone price by 100 yuan, setting it at 5,450 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 shipments primarily based on contracts and proceeding as planned.
Chempricehub Analysis: Acetone
Bull-Bear Score: -1
The spot price of acetone has decreased by 100 yuan per ton to 5,450 yuan per ton, indicating ample supply (the company's 350,000-ton-per-year phenol-acetone plant is operating at full capacity) and weak demand. The contract-based shipment model has intensified market supply pressure, and it is expected that spot prices will continue to face downward pressure in the short term.
MIBK
Bull-Bear Score: -0.5
As acetone serves as an upstream raw material for MIBK, its price decline reduces the production cost of MIBK, which may indirectly affect the MIBK spot market, exerting slight downward pressure. However, a comprehensive assessment should also consider MIBK's own supply and demand factors (such as demand stability).