read： 737 time：2021-12-20 11:52:04 from：www.icis.com
LONDON (ICIS)–Europe acetone spot prices continue to spike this week, lifting prices to the highest level globally, on the back of limited spot supply and short covering needs.
Mid-point prices have risen by around 64% since the price rally began in early June, triggered by short prompt supply.
The shortfall in supply has been linked to cumulative effect of existing output cuts tailored to low phenol demand at the expense of co-product acetone, a lack of currents imports and a recent flurry of export business to Asia and the Americas.
Preparation for forthcoming turnarounds is also likely to be further impacting merchant acetone spot availability.
Published by: www.icis.com
Author: Heidi Finch
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