: Acetone ports prices noticed stable at Rs 40/kg week on week and expected stable in coming days

Acetone: Acetone ports prices noticed stable at Rs 40/kg week on week and expected stable in coming days due to enough inventory and slow prevailing demand in the domestic market. Booking level of the material noticed $500-505/mt as per origin not much fluctuated on the week. International Market Updates: Despite thin trading in acetone delivered in Asia, market sources said prices had risen $10- $20/mt recently as producers were keen to seize on an open arbitrage between Asia and the US and Europe. Shipping sources said 5,000 mt of acetone was quoted from Yeosu in South Korea to Houston, while 2,000 mt was heard shipped from Singapore to Rotterdam at a rate of $95/mt. FOB Rotterdam acetone prices stood at $570/mt last Friday. This resulted in a pickup in demand for Asian material, and CFR China prices were assessed up $15/mt from Friday last week at $460/mt Friday, while CFR India was assessed up $5/mt over the same period at $505/mt.

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