Price trend

This week, the focus of domestic MIBK market discussions declined, and it continued to be in a downturn with limited overall changes. As of July 8, the MIBK reference in the East China market was 10,800-11,000 RMB/ton.

Analysis review

This week, the domestic MIBK upstream continued to decline, the industry operating rate remained at about 80%, the supply was sufficient, and the social inventory was high, and the demand was sluggish. There were still many negative factors for the market, and the short-term MIBK market changes are limited. It is expected that the short-term market will mainly run weakly.

The raw material side continued to decline, and the cost support fell. The price of acetone continued to fall, and the market negotiated the price to 4,950-5,050 RMB/ton. The raw material factory also lowered the price several times, and there was still no sign of improvement on the demand side. The mentality of the stockholders was negative, and the trading focus continued to decline.

The terminal demand was general, and the downstream orders were mainly just needed. The demand side had limited changes in the short term. At present, it is difficult to make a big change in the cost. Holders are generally motivated in their operations, and their attitude is mainly wait-and-see.

Market outlook

In the short term, the MIBK market is mainly based on weak adjustment.

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