SunSirs: MIBK Trading is Light and Prices have Dropped Significantly
April 26 2023 10:44:49MIBK's latest price (4-24): 2033 RMB/ton, bearish in the future
Key points of analysis: The domestic MIBK market continues to decline, with a market negotiation range of 11800 to 12200 RMB/ton. Since February, the market has experienced a significant unilateral decline, with a cumulative decline of 9000 RMB/ton, a decrease of 43%. After a long-term decline, the profit margin is relatively small, but downstream customers still have a heavy wait-and-see sentiment, and end users have few large orders to purchase, with flat actual transactions, and holders have a strong willingness to ship.
Future Market Forecast: There has been no significant release of demand before the holiday, and the main focus is on selling goods at a profit, making it difficult for short-term trading to improve.
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