Acetone prices in the European market continued to fall amidst weak demand from downstream derivatives and downstream industries. This decline was due to ample supply from manufacturers and sufficient availability of feedstock required for Acetone production, meeting demand from the MMA, personal care, adhesives, and solvents sectors locally. The supply of propylene, a crucial component in Acetone production, has stabilized due to the restart of a major derivative unit and some production issues at crackers. Recent offshore attacks have forced ships to take longer routes, increasing costs and sailing times, resulting in bottlenecks, congestion, delays, and equipment shortages.
Acetone prices in the German market were observed at USD xxxx per MT, FD Karlsruhe, for the week ending June xxth, xxxx, with a slight difference of USD xx per MT from previous weeks. Intermittent strikes lasting one day each by transport employees at key ports in...
