Price trend

On February 15, the focus of MIBK market in East China fell, and the overall reference price was 20,200-20,800 RMB/ton.

Analysis review

It was difficult to support the market due to weak demand. Many traders had the intention of profit-taking and low-price shipment. Although the supply was still tight and the cost of acetone continued to rise, the cost of MIBK had little impact on it under the high profit, which was mainly affected by its own supply and demand. The enthusiasm of the downstream buying was not high. With the supply of imported goods replenished, the focus of the negotiation had declined.

Market outlook

It is expected that the market will be weakly consolidated today.

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