Acetone prices in the European market remained stagnant in the second week of February xxxx after gaining strength in the previous week. Moreover, benzene (the primary feedstock) prices in the European market continued to rise, following an upward trend in the regional market amidst tight supply. The widening spread is a result of strong price increases in downstream industries such as Acetone, personal care, and cosmetics, driven by limited immediate Acetone supply and rapidly increasing feedstock benzene prices. As of the week ending February xth, Acetone market prices were observed at USD xxxx per MT, FD Karlsruhe, showcasing a lesser number of inquiries about Acetone in the German market.
The price navigation of Acetone in the domestic market depends on various factors such as the gap width between demand and the supply chain of the commodity, and the energy cost required during the operational activity of Acetone....
