January 7th News: On January 7th, Gaoqiao Petrochemical raised its acetone quotation by 100 yuan to 4,300 yuan per ton, with cash payment and self-pickup. The company's 240,000-ton-per-year phenol-acetone unit at Gaoqiao Caojing is currently shut down, and further developments will continue to be monitored.
Chempricehub Analysis:
- **Acetone**: Bullish-Bearish Score: 2
Gaoqiao Petrochemical's acetone quotation increased by 100 yuan per ton to 4,300 yuan per ton. The shutdown of its 240,000-ton-per-year phenol-acetone unit has reduced supply, significantly benefiting spot prices. Short-term prices are expected to rise notably.
- **MIBK**: Bullish-Bearish Score: 1
As a downstream product of acetone, the tight supply and rising prices of acetone may increase MIBK production costs, supporting its spot prices and constituting a moderate positive impact. However, the extent of this effect depends on downstream demand transmission.