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Last week (6.
13-6.
17), the domestic acetone price was lowered.
At the beginning of this week, domestic companies' ex-factory price was 5,100.
00 yuan/ton.
On weekends, domestic companies' ex-factory price was 4,833.
33 yuan/ton, which was reduced by 5.
23% during the week.
The current price dropped by 3.
81 year-on-year.
%
.
????Analysis and review ????Products: Last week, domestic acetone manufacturers jointly lowered the price by 200-300 yuan/ton.
The acetone market was weak and down, and trading between buyers and sellers was limited
.
Returning after the Dragon Boat Festival, the domestic acetone market plummeted and the focus of market discussions continued to drop
.
On June 13th, domestic acetone manufacturers lowered the price as scheduled, but after the domestic acetone manufacturers lowered the price, the current market situation has not changed
.
The end demand is also weak, the raw material pure styrene and propylene is weakly falling, the demand side and the cost side are in a weak situation, and the support for the acetone market is limited; domestic holders follow the volume and avoid risks
.
At present, the reference price of acetone in East China is 4600-4650 yuan/ton
.
Industry chain: The domestic pure benzene market was in a downturn last week.
The price of pure benzene fell on the first trading day after the Dragon Boat Festival.
After that, the domestic pure benzene market fluctuated within a narrow range and the overall trend was stable
.
At present, the domestic ex-factory price of pure benzene remains at 4,800 yuan/ton, and the atmosphere inside the venue is weak
.
The downward trend in the crude oil market this week affected the weak operation of the pure benzene external disk.
The insiders were cautious and lacked confidence in the market outlook
.
Propylene, another upstream raw material, has also shifted its market focus this week
.
At present, the market price in Shandong is 5800-5850 yuan/ton; the negotiated price in East China is 5750-5800 yuan/ton
.
The overall price of propylene was on an upward trend.
As of June 16, FOB Korea traded at US$703-705/ton, and CFR China traded at US$739-741/ton
.
Domestic propylene supply is showing an increasing trend, and market pressure is rising
.
The wait-and-see sentiment of the downstream market has increased, and the sentiment of buying up or not buying down is high, and the demand for propylene is not strong, which intensified the decline of the propylene market
.
???? Macro: In recent days, the U.
S.
dollar exchange rate has risen due to Brexit, and oil prices have fallen for five consecutive days.
.
However, on Thursday, US Labor Party Congressman Cox was attacked and killed.
The Brexit referendum may be postponed.
The US dollar exchange rate fell and international oil prices rebounded strongly by 4%
.
Market outlook forecast? Acetone analysts believe that the raw material pure benzene and propylene market is showing a weak downward trend, and the market holders have a strong wait-and-see sentiment
.
Imported goods have arrived and replenished one after another, port stocks will increase, and domestic contract customers will move as planned
.
The downstream terminal factories started flat and the enthusiasm for purchasing raw materials was not high
.
It is expected that the acetone market will continue to consolidate within a narrow range next week
.
13-6.
17), the domestic acetone price was lowered.
At the beginning of this week, domestic companies' ex-factory price was 5,100.
00 yuan/ton.
On weekends, domestic companies' ex-factory price was 4,833.
33 yuan/ton, which was reduced by 5.
23% during the week.
The current price dropped by 3.
81 year-on-year.
%
.
????Analysis and review ????Products: Last week, domestic acetone manufacturers jointly lowered the price by 200-300 yuan/ton.
The acetone market was weak and down, and trading between buyers and sellers was limited
.
Returning after the Dragon Boat Festival, the domestic acetone market plummeted and the focus of market discussions continued to drop
.
On June 13th, domestic acetone manufacturers lowered the price as scheduled, but after the domestic acetone manufacturers lowered the price, the current market situation has not changed
.
The end demand is also weak, the raw material pure styrene and propylene is weakly falling, the demand side and the cost side are in a weak situation, and the support for the acetone market is limited; domestic holders follow the volume and avoid risks
.
At present, the reference price of acetone in East China is 4600-4650 yuan/ton
.
Industry chain: The domestic pure benzene market was in a downturn last week.
The price of pure benzene fell on the first trading day after the Dragon Boat Festival.
After that, the domestic pure benzene market fluctuated within a narrow range and the overall trend was stable
.
At present, the domestic ex-factory price of pure benzene remains at 4,800 yuan/ton, and the atmosphere inside the venue is weak
.
The downward trend in the crude oil market this week affected the weak operation of the pure benzene external disk.
The insiders were cautious and lacked confidence in the market outlook
.
Propylene, another upstream raw material, has also shifted its market focus this week
.
At present, the market price in Shandong is 5800-5850 yuan/ton; the negotiated price in East China is 5750-5800 yuan/ton
.
The overall price of propylene was on an upward trend.
As of June 16, FOB Korea traded at US$703-705/ton, and CFR China traded at US$739-741/ton
.
Domestic propylene supply is showing an increasing trend, and market pressure is rising
.
The wait-and-see sentiment of the downstream market has increased, and the sentiment of buying up or not buying down is high, and the demand for propylene is not strong, which intensified the decline of the propylene market
.
???? Macro: In recent days, the U.
S.
dollar exchange rate has risen due to Brexit, and oil prices have fallen for five consecutive days.
.
However, on Thursday, US Labor Party Congressman Cox was attacked and killed.
The Brexit referendum may be postponed.
The US dollar exchange rate fell and international oil prices rebounded strongly by 4%
.
Market outlook forecast? Acetone analysts believe that the raw material pure benzene and propylene market is showing a weak downward trend, and the market holders have a strong wait-and-see sentiment
.
Imported goods have arrived and replenished one after another, port stocks will increase, and domestic contract customers will move as planned
.
The downstream terminal factories started flat and the enthusiasm for purchasing raw materials was not high
.
It is expected that the acetone market will continue to consolidate within a narrow range next week
.