Acetone Market Inched Down This Week (Feb 2-8, 2018)
The acetone market remained weak this week. On February 2, 2018, producers held stable prices of phenol and reduced the prices of acetone. The downstream demand was weak. In H1 this week, holders took the sales as the major task. At the end of this week, the trading activities became less and it was slightly hard to find goods. Offers inched up. Meanwhile, prices of phenol rebounded. Up to February 8, closing prices for acetone in Jiangsu were in the range of RMB 6,000-6,100/mt, down RMB 50/mt. The average price was RMB 5,995/mt, down RMB 235/mt or 3.77% from last week.
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