April 27 News – On April 27, Zhejiang Petrochemical raised its acetone price by RMB 700 to RMB 7,800/ton (FOB Jiangyin warehouse). Both the Phase I 650,000-ton/year phenol-acetone unit and Phase II 650,000-ton/year unit are operating normally, with moderate inventory levels. According to Chempricehub's assessment of acetone, the bullish-bearish rating stands at +2. The upward adjustment of Zhejiang Petrochemical's spot acetone price by RMB 700/ton to RMB 7,800/ton indicates tight market supply or strong demand. The normal operation of the units and moderate inventory levels exert no downward pressure, instead highlighting cost- or demand-driven factors. This event represents a significant positive catalyst for acetone spot prices and is expected to boost bullish market sentiment.
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