China's acetone market weekly report (9.4-9.11)| Short-term rapid pull-up, high game intensifies

By SKYSEVEN Chemical Technical Team · 2026-09-14

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From September 4 to September 11, China's East China acetone market ushered in a round of rapid rise in the market, the business agency East China benchmark price rose to 8950 yuan/ton over the weekend, a weekly increase of 13.2 percent, a monthly increase of 21 percent, a new high for the year.

1. market resumption: a single week sharply higher, setting a high price for the year.

From September 4 to September 11, east China acetone market ushered in a round of rapid rise in the market, the business agency East China benchmark price over the weekend to 8950 yuan/ton, a weekly increase of 13.2 percent, a monthly increase of 21 percent, a new high for the year. Shandong, as a domestic price vane, left the factory at 7725 yuan/ton on September 4, rose by 550 yuan/ton in a single day on September 10, and negotiated to 8800-8900 yuan/ton on September 11, up 1175 yuan/ton or 15.1 percent in a single week.
This round of rise was driven by the resonance of triple profits: the geopolitical conflict in the Middle East pushed Brent crude oil to exceed US $100/barrel, and the rise in the cost of pure benzene and propylene was transmitted downward. Import sources continued to shrink, with a cumulative import of 198000 tons from January to July, down 8.7 year on year. Jiangyin port inventory fell back to a low of 9000 tons in the year, with tight spot circulation. Superimposed on the expectation of replenishment before the Mid-Autumn Festival and National Day, the market sentiment, terminal and trader centralized procurement to amplify the increase.
Supply and demand data show that in August, domestic acetone production of 270400 tons, the month-on-month plus 6.46 percent, phenol ketone industry weekly operating rate of 75.1 percent, January-July exports of 32100 tons, a significant increase of 109.5 percent year-on-year, overseas demand diversion of domestic sources, further tightening the spot.

2. this week the market turned to high volatility, medium-term negative gradually appear.

On September 11-16, the rally slowed down and the market entered a high volatility range. East China spot talks 8850-9050 yuan/ton, Shandong leaves the factory 8800-8950 yuan/ton, and some supply of goods is slightly adjusted back. Downstream resistance to high-priced raw materials is obvious, the transaction only maintains just need a small order, chasing high sentiment subsided.
At the supply end, several sets of repair phenol and ketone plants are planned to restart in mid-to-late September: Shandong Fuyu 250000-ton/year phenol and ketone plants are expected to discharge on September 18, and Wanhua Chemical and Huizhou Zhongxin plants will resume production in late September. It is estimated that the domestic acetone supply in September will be 285000 tons, and the industry operating rate is expected to rise to 78%-79%, with the tight supply window approaching the end. The port inventory remained at a low level of 0.9-10000 tons for the time being, and the arrival of shipments was still low.
Downstream industry chain profit under full pressure: bisphenol A theoretical loss of 1400-1500 yuan/ton, MMA loss of 300-400 yuan/ton, isopropyl alcohol, MIBK deep loss. Bisphenol A operating rate of about 63%,MMA operating rate of about 62%, the downstream lack of sufficient profits to undertake high-priced acetone. Upstream pure benzene, propylene to maintain a high level, phenol ketone enterprises themselves are still in a state of loss.
The core game of the current market: short-term geo-premium, low inventory and pre-holiday replenishment to support prices. Longzhong, Zhuocheng, business society unanimously judged that the space to continue to rise is limited, short-term high volatility, medium-term price decline probability is large.
Key monitoring indicators: Jiangyin port inventory, phenol ketone operating rate, bisphenol A/MMA start and profit, Brent crude oil and the geopolitical situation in the Middle East. If the port inventory rises to more than 20000 tons, or the device is concentrated and smoothly resumed production, the market trend will turn weak.

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