Analysis of China's Acetone Market in Zhou Dou (August 7-August 14)

By SKYSEVEN Chemical Technical Team · 2026-08-17

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Last week, China's acetone market as a whole by the phase of supply tightening to promote the shock upward, but the downstream large-scale losses continued to suppress the upward space.

1. Market Overview

last week. China Acetone the market as a whole was driven by phased supply tightening to the upside, but large downstream losses continued to suppress the upside.
China East China acetone spot since August 7 6250 yuan/ton started to rise, August 14 mainstream market negotiations 6390 yuan/ton, the range rose 2.24; Sinopec East China acetone factory opening price stable to maintain 6400 yuan/ton.
This round of market core support focused on the supply side of multiple contraction expectations: domestic phenol ketone industry weekly start-up down, China Jiangyin acetone port inventory fell to the low level of the year, Taihua Xingye (Ningbo) phenol ketone plant continued to stop, superimposed. China Shandong Fuyu the 250000-ton/year phenol ketone plant is scheduled to open for maintenance on August 17, while the typhoon disturbs the regional logistics and the rhythm of the arrival of imported ships.
The demand side formed a significant drag: bisphenol A weekly average loss of 1217 yuan/ton, acetone method isopropanol and acetone spot price difference of only 325 yuan/ton, well below the 900-1000 yuan/ton conventional processing range. Downstream enterprises only just need to purchase, low a small amount of replenishment, large-scale active stocking willingness is weak. Longzhong information to determine that this round of rise belongs to the stage of supply mismatch market, short-term spot with price support, medium-and long-term trend depends on the progress of the restart of the phenolic ketone device, downstream profit repair and demand recovery rhythm.

Detailed analysis of 2. fundamentals

(I) Price Trends and Regional Quotes

east China acetone spot weekly price run (yuan/ton)
8/7:6250;8/10:6325;8/11:6375;8/12:6375;8/13:6355;8/14:6390.
Regional spread: August 14 south China high-end talks 6800-6900 yuan/ton; north China mainstream 6300-6400 yuan/ton; shandong, China referring to 6300 yuan/ton, the regional price difference is basically close to the logistics cost.

Current status of (II) supply side

the weekly operating rate of the domestic phenol ketone industry was 69.49, down 4.05 percentage points from the previous month; jiangyin, China port acetone inventory of 10500 tons, down 1000 tons month-on-month, at the low level of the year.
Device dynamics:
Taihua Xingye (Ningbo) 630000 tons/year phenol ketone plant continued to shut down due to raw material problems; china Shandong Fuyu the 250000 ton/year phenol ketone plant is scheduled to be overhauled on August 17 for about 1 month;
Hedge increment: Changchun chemical phenol ketone plant restarted in early August, Longjiang chemical phenol ketone plant plans to restart on August 15.

(III) downstream demand

in August, the overall downstream of domestic acetone was in the traditional off-season, and the start was generally weak. Bisphenol A, acetone isopropyl alcohol, MIBK deep losses, only MMA a small profit.
  • Bisphenol A: East China Talks 9100-9200 Yuan/Ton, Average Weekly Loss 1217 Yuan/Ton;
  • acetone isopropyl alcohol: mainstream 6725 yuan/ton, insufficient processing price difference, continuous loss;
  • MMA: 11300-11700 yuan/ton, which is the only profitable variety in the main downstream;
  • MIBK: Discuss 9550 yuan/ton, industry starts less than 50%.
Under the downstream loss pattern, the capacity of high-priced raw materials is insufficient, and the risk of negative feedback on demand persists.

Cost and Profit of 3. Industry Chain

upstream pure benzene, propylene prices strengthened during the week, pushing up the cost of phenol ketone production. On August 13, the profit of phenol ketone sample turned to a loss of -287 yuan/ton, which was significantly worse than the profit of 453 yuan/ton on August 7.
Industrial chain profit conduction is blocked, showing a pattern: upstream raw materials are strong & rarr; midstream phenol ketone loss & rarr; most downstream products are losing money, profits are difficult to channel from top to bottom, limiting acetone to continue to rise.

4. multi-empty factors combing

✅Lido
  1. multiple sets of phenol ketone device parking, maintenance, industry start low, effective supply contraction;
  2. jiangyin port acetone inventory is at a low level during the year, circulation supply elasticity is limited;
  3. short-term import cargo is less, typhoon phase interference port logistics.
❌negative
  1. large downstream losses, just demand-based, there is a risk of negative demand feedback;
  2. the industry is in the off-season of demand, and the overall level of downstream starts is low;
  3. phenolic ketone itself into the loss, the cost pressure continues to increase;
  4. longjiang Chemical, Shenghong refining and other devices have restart expectations, forward supply has incremental pressure;
  5. high prices show signs of stagflation, chasing sentiment is cautious.

5. core game logic

short-term market game main line: supply phase tightening duration vs. negative demand feedback triggered by downstream losses.
In mid-to-late August, Shandong Fuyu maintenance and to-be-restarted device to form a capacity hedge, the spot still maintains a tight pattern; the risk window is concentrated in September, if the maintenance device is concentrated to resume work, superimposed on the downstream continued negative, acetone prices there is a callback pressure.

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