Price trend

The domestic MIBK market operated in a range and continued to be in a downturn. The overall change was limited. The raw material acetone kept falling, and the demand side was sluggish. The reference price in the East China market was around 10,900 RMB/ton. According to the monitoring data of SunSirs, on July 13, the MIBK market offer in East China was 10,900 RMB/ton, and the actual order was negotiable, and the short-term market was mainly weak.

Analysis review

The domestic MIBK market operated in a range and continued to be in a downturn. The overall change was limited. The raw material acetone kept falling, and the demand side was sluggish. The reference price in the East China market was around 10,900 RMB/ton.

The raw material side continued to decline, and there were many negative factors on the cost side. Acetone continued to fall, and the market price was negotiated to around 4,680 RMB/ton. Recently, the factory has lowered the billing price, and the market has also shown a wide-ranging downward trend. The bearers have a negative attitude, the trading focus has continued to decline, and it was difficult for terminal purchases to pick up goods.

The terminal demand was general, the downstream orders were mainly just needed, and the short-term demand changes were limited. At present, it is difficult to make a big change in the cost. The enthusiasm of the stockholders is general, and the mentality is mainly to wait and see.

Market outlook

SunSirs expects that the MIBK market will run weakly in the near future. The cost side continues to be negative and falling. The downstream is currently dominated by rigid demand, which is difficult to fluctuate. Holders follow the market, and they are not very motivated to operate. In addition, the chemical industry is currently negative under the influence of the recent external environment. In the short term, the MIBK market is weak and falls in a narrow range.

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