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This year, the domestic acetone market is sluggish, the overall maintenance of low oscillation trend, for this tormented market, traders are also quite a headache, but the market oscillation range is gradually narrowing, the technical pattern of convergence triangle, if you can break through the oscillation area, will signal the market will break the current balance, a wave of the market.

Since this year, although the market has maintained a low level, the overall trend has shown a strong oscillation, especially the market has strong support after each dip, and the market lows have risen compared with the previous lows, taking the East China market as an example, the lowest point in June last year was 4875 yuan/ton, the lowest point in December last year was 5100 yuan/ton, and the lowest point in April this year was 5350 yuan/ton again, which means After the market fell to 5000 yuan / ton near a strong buying support, and the market is slowly rebounding.

Recently, the market has again upward momentum, is about to break through the convergence triangle pressure level, Jin Lianchuang that acetone upward breakthrough is more likely, the market consolidation time is longer that the long and short sides are evenly matched, waiting for good new news to stimulate.

Acetone fundamentals, favorable bias.

First, Yangzhou Shanyou 320,000 tons / year phenol ketone plant maintenance, enterprises to inventory-based, is expected to restart in early June. Second, the epidemic in Shanghai was eased, foreign shipments gradually resume, downstream demand will be enhanced.

Third, the raw material pure benzene strong, good cost support, pure benzene and acetone price difference, indirectly favorable acetone, in addition to phenol ketone enterprises have fallen into losses, if continued losses under the factory may take a small reduction in negative measures.

Fourth, the port inventory gradually reduced, in April the port inventory in Jiangyin on the level of 50,000 tons, the current acetone inventory of 37,000 tons level, has been reduced from the high inventory to a reasonable level.

Fifth, the higher cost of imported goods, imports itself is slightly higher than the domestic market prices, coupled with the recent rapid increase in the dollar exchange rate, further enhancing the cost of imported goods.

To sum up, acetone future stronger possibility, demand, although relatively weak, but the epidemic improvement, there is still room for improvement, acetone in the low-price range, business concessions intention is limited, is expected to acetone market if the rapid upturn, will trigger a wave of profit-taking disk, may appear again back to confirm, if the market is steadily and slowly strengthen, the continuation of the oscillation of the strong trend.