Oil, yuan sink Asian acetone despite lower regional output

摘要

MELBOURNE (ICIS)--Spot acetone prices into China, Asias biggest market, sank below $400/tonne at the start of the new year as lower oil prices and a weaker yuan overshadowed potential supply constraints, market sources said on Thursday. Spot acetone deals were heard sealed at around $390/tonne CFR (cost & freight) China on a zero anti-dumping duty (ADD) basis, subject to an import duty of 5.5%, for northeast Asian cargoes shipping in January and February.