Acetone prices up slightly

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Friday, September 21, 2012
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- H- d, |" H  j- l8 dHouston, TX - The Plaza Group’s August acetone report for August says U.S. Large Buyer settled at $0.455 per pound, up only $0.005 from July. This was $0.01 less than expected. Refinery grade propylene averaged essentially a rollover from July. Acetone supply/demand remained snug with little if any imports. Phenol plant operating rates remained at best in the low 70 percent range. Acetone demand into the MMA market is estimated to slightly reduce. Other solvent-based demand remained relatively flat throughout the month. Reported spot acetone prices are notional only. Exporting phenol at low netbacks may be profitable by combining with incremental acetone margins but no transactions have been confirmed, the Plaza Group reported. Looking over the next couple months, there does not seem to be any forecast of supply/dynamics, exacerbated by the Mt. Vernon phenol plant six week shutdown and the curtailment of the Georgia Gulf plant during the recent hurricane. As of right now, the demand for MMA is unknown. On pricing, we believe the current Large Buyer Price has peaked unless there is a significant price change in RGP, which is not expected. Distribution pricing is also expected to settle with some portion of the September price announcements becoming firm. Due to the different timing of increase announcements, the actual price is difficult to determine. The price should settle between the high 50s and low 60s, with mainly geographic differences.

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在线翻译，以供阅读
德克萨斯州休斯顿 -  The Plaza酒店集团的8月丙酮报告说，美国的大买家收于每磅0.455美元，仅占0.005七月。这0.01美元低于预期。炼厂级丙烯平均本质上一个翻转从7月。丙酮供应/需求依然舒适一点，如果任何进口。苯酚装置开工率维持在最佳的低70％的范围内。丙酮的MMA市场需求预计略有减少。其他溶剂型需求保持相对平稳，整个月。报告的现货丙酮价格仅是名义上的。导出苯酚在低净回可能是有利可图的结合增量丙酮利润，但没有交易已经证实，广场集团。在未来的几个月中，似乎没有任何预测/动态的供应，加剧了山。弗农酚厂6周关闭和削减格鲁吉亚海湾厂在最近的飓风。截至目前，MMA的需求是未知的。在定价方面，我们认为目前的大买家价格已经见顶，除非有一个重要的价格变动的RGP，这是预期不会。分布的某些部分成为公司9月宣布价格的价格也有望解决。由于增加公告的时间的不同，实际价格是很难确定的。 50年代的高和低60年代的价格之间应该解决的，主要是地理上的差异。