January 26th News: On January 26th, Sinopec East China raised its acetone listed price by 200 yuan/ton, implementing 4,850 yuan/ton for spot payment and self-pickup, effective from January 26th.
Chempricehub Analysis:
Acetone, Bullish/Bearish Score: 2
Reason: Sinopec East China raised its acetone listed price by 200 yuan/ton to 4,850 yuan/ton, indicating proactive price increases by suppliers and reflecting tight market supply or strong demand. This constitutes a significant positive impact on acetone spot prices, with expectations of a notable short-term increase.
MIBK, Bullish/Bearish Score: 1
Reason: Acetone is the primary raw material for MIBK production. The rise in acetone prices will increase MIBK production costs, potentially driving up MIBK spot prices, which constitutes a generally positive impact. However, attention should be paid to changes in downstream demand to confirm sustainability.