March 10th — On March 10th, Sinopec East China lowered its acetone listed price by 500 yuan/ton to 7,500 yuan/ton (cash & self-pickup), effective from March 10th.
Chempricehub analysis:
Acetone — Bull-Bear Score: -2
Reason: Sinopec East China directly reduced its acetone listed price by 500 yuan/ton to 7,500 yuan/ton, indicating ample spot market supply or weak demand. The sharp price drop constitutes a significant bearish impact on the acetone spot market. Combined with recent market data, downward pressure on spot prices is evident, which may suppress short-term purchasing interest.
MIBK — Bull-Bear Score: 1
Reason: As acetone is a primary raw material for MIBK, the price reduction may lower MIBK production costs and enhance producer profit margins, exerting a generally positive impact on MIBK spot prices. However, attention should be paid to changes in downstream demand. If demand remains stable, the cost reduction will support the MIBK spot market.