Acetone prices in the North American market continued to follow stable trend as the supply situation for the commodity surpassed the demand strength in the domestic market. Meanwhile, benzene prices, a key feedstock for Acetone, rose in the US market due to increased demand from both domestic and international industrial and its derivative sectors. At the start of Qx of xxxx, the situation stabilized, with sufficient Acetone inventories meeting the moderate demand from end-use industries. As of the week ending May xxth, Acetone market prices were observed at USD xxxx per MT, FOB Texas.
A major percentage of Acetone consumption is done from the personal care and cosmetics sectors in the global market. The USA governs a major part of Acetone production and supply in the regional and international markets. As a ripple effect, the demand volume for commodities from personal care, sanitizers, and solvents remained...
