Price trend

The focus of the domestic MIBK market continued to rise, with negotiated price reaching 15,800-16,200 RMB/ton, a half month increase of 14.4%. As of April 2nd, MIBK's social inventory remained low, and traders ware in a high mood to push up prices. Offers continued to rise, and downstream inquiries followed suit, resulting in a significant increase in transaction focus.

Market outlook

Insufficient spot resources, entering the seller's market, traders continue to push up prices, making it difficult to find low prices on the market. It is expected that market negotiations will remain high today, with prices around 16000 RMB/ton.

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