With the release of new production capacity, acetone is facing changes

In March, the second phase of Zhejiang Petrochemical's 650,000-ton/year phenolic ketone project was successfully started, and the entire process flow was completed, producing qualified products

The distribution pattern will change

The production capacity of the acetone plant put into operation by Zhejiang Petrochemical this time is 250,000 tons/year.

The 250,000 tons/year acetone production capacity released this time accounts for 12.

According to statistics, companies expected to increase acetone production capacity this year include Shenghong Refinery, Jiangsu Ruiheng, Yantai Wanhua, and Qingdao Gulf Chemical

However, in the short term, the commissioning of the new plant will have a limited impact on the acetone market

On the whole, the commissioning of the new device will suppress the acetone market in the medium and long term, but it will have little impact in the short term

Gradually decrease in external dependence

Before 2019, China's acetone imports basically showed a steady growth trend

　　It is worth mentioning that the export volume of acetone increased last year, mainly due to the tight supply in the Asian market due to the impact of the new crown pneumonia epidemic, domestic sources of goods can be exported to other countries at high prices, and merchants have realized export arbitrage

　　In 2022, the acetone production capacity will continue to be released significantly.

　　Demand release is slightly inferior

　　In recent years, the proportion of downstream consumption of acetone has been constantly changing

　　This year, the production capacity of bisphenol A will also increase rapidly

　　In addition, the downstream MMA and isopropanol industries also have capacity expansion plans, which also support the acetone market

　　However, the demand for acetone to be used as a solvent is alternative, and due to the increasingly stringent environmental protection, the demand for it by downstream coating factories is general, and it has been shrinking in recent years

　　On the whole, whether the downstream expansion of acetone can match the expansion of acetone depends on whether the new device can be put into production on schedule and operate normally

　　A professional organization predicts that there will still be uncertainties in the acetone market in 2022, and the overall operating price of the market will maintain a reasonable price difference with the main product phenol