SunSirs: The Domestic MIBK Market Was Still Bottoming out
April 20 2023 09:48:06 SunSirs (John)
Analysis review
The domestic MIBK market negotiation price was still bottoming out, and as of April 19th, the market negotiation space had decreased to 12,200-12,800 RMB/ton.
Market outlook
During the decline, buyers had a heavy wait-and-see mentality, and there was little expectation of an improvement in demand. The decline in terminal construction had limited consumption of raw materials, the market was in a serious shortage of actual orders. Under the pressure of factory shipments, prices continued to decline, and trading companies' quotations continued to decline.
Market outlook
In the short term, the MIBK market will be weak, and focus on the trend of transaction situation.
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