Karlsruhe (Germany)- The dynamics of Acetone prices in the European market picked up once again towards the end of the second week of May, driven by tight supply from manufacturers and the limited availability of Acetone production to meet demand from MMA, personal care, adhesives, and solvent industries domestically. Propylene plays a crucial role in Acetone production. The spot supply of propylene is becoming more balanced due to the restart of a key derivative unit and issues with crackers affecting output. As of the week ending May xxth, Acetone price quotations were observed at USD xxxx per MT, FD Karlsruhe.
As the situation in the Red Sea remains highly complicated, trading companies and shipment officials continue to redirect ships around the Cape of Good Hope. Recent attacks have extended farther offshore, requiring ships to travel longer distances, increasing costs and sailing times. This situation has caused bottlenecks...
