Price trend

In April, the domestic MIBK market saw a significant increase, and in late April, the focus of negotiations remained at 15,200-15,600 RMB/ton. The market remained relatively stable after the holiday, with little market volatility.

Analysis review

After a significant increase in upstream acetone, there was a slight pullback after the holiday. The negotiated price in East China remained at 8,150-8,200 RMB/ton, with weakened cost support. Downstream terminal enterprises had average purchasing enthusiasm, and the post holiday wait-and-see sentiment was heavy. Overall, the market appeared slightly weak.

Market outlook

SunSirs predicts that although there is not much short-term supply pressure, terminal demand is limited, and market prices remain stable, the trading volume on the exchange is limited.

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