Acetone prices in the European market remained stable in the last week of December. As of the beginning of 2024, the European chemical industry finds itself in one of its most profound crises to date. Persistent low demand in 2023 led to a decline in Acetone prices, occurring simultaneously with historically elevated expenses, especially for energy and raw materials.
This situation was further compounded by substantial labour and regulatory costs. The financial performance of companies (Acetone) based in Europe has been severely affected, and substantial improvement is not expected until at least mid-2024.