Commodity News
SunSirs: The Decline of Domestic MIBK Market Is Difficult to Stop
March 07 2023 09:47:36 SunSirs (John)
Price trend
On the 6th, the focus of the MIBK market in East China continued to fall, with the overall tank car outbound reference of about 17,800-18,300 RMB/ton. On the 6th, the MIBK price of a factory was 17,800 RMB/ton.
Analysis review
The trading was flat, the quotations of the holders fell, the downstream factories followed up with small orders, and the intention to make profit-cutting for sales increased.
Market outlook
In the short term, the market is difficult to be positive, and the demand follow-up is insufficient. It is expected that the market will be weak today (7th).
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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