The domestic acetone market has slightly declined, with discussions in the East China market reaching between 6500-6550 yuan/ton. According to the Commodity Market Analysis System of the Business Society, the national acetone market was trading at 6937 yuan/ton on November 3rd, and on November 10th, the market was trading at 6832 yuan/ton, a decrease of 1.51%.

The market supply is sufficient. The inventory at the port has not changed much, and according to statistics on the 9th, the ship traffic volume in November was around 13000 tons. There is sufficient supply of domestically produced goods, and there is a large amount of spot circulation resources in the market. Traders often offer according to the market, with more single negotiations being the main focus. Traders have a calm mindset, and market trading is not warm or hot.

Cost side bearish. Recently, crude oil has driven the decline of pure benzene, which is difficult to support on the cost side, and the phenol products of the same unit are also in a downward trend, with a lack of positive support in the industrial chain.

From a downstream perspective, MIBK is in a rapid downward trend. As of now, the market has negotiated to 14000 yuan/ton, and there is still room for negotiation on actual orders. The decline during the week reached 11.42%, indicating poor trading on the market. Downstream bisphenol A showed a weak downward trend, with the main drop in on-site auctions during the week, with the negotiated price in East China dropping to 9600-9700 yuan/ton. Downstream MMA factories have shut down and reduced their load, resulting in a sharp decrease in overall demand for acetone.

The industry chain is filled with negative news both upstream and downstream, and the short-term supply side is relatively stable. However, factories are also actively shipping, and traders are mainly following the market. Downstream products still show a sluggish trend. It is expected that the weak adjustment of acetone in East China will undergo a transition, with mainstream negotiations ranging from 6500 to 6600 yuan/ton.