SunSirs: The Domestic MIBK Market Pushed Up Slightly During the Week
September 20 2022 09:20:07 SunSirs (John)
Price trend
After the holiday last week, the domestic MIBK market rose slightly, mainly due to the support of the wide rise of acetone at the raw material end. Due to cost pressure, the focus of the negotiation went up by about 100-150 RMB/ton, and the overall negotiation range was 9,550-9,700 RMB/ton
Analysis review
The acetone at the raw material end pushed up, and the pressure from the cost side increased. The negotiated price of acetone in East China pushed up to 5,400 RMB/ton, and the negotiated price of acetone in South China was 5,500 RMB/ton. Affected by the weather last week, the interval transportation of short-term goods was restricted, and the price-supporting sentiment of the stockholders increased, and the offer went up, which was strongly supported by the cost side. Holders had great intentions to push up prices, and they did not sell at low prices.
During the week, the operating rate of the MIBK industry was around 80%. The 15,000-ton/year MIBK plant in Zhejiang Zhenyang was shut down for maintenance on September 17. The operating rate of the industry continued to decline. It is expected that the overall supply side will tighten this week. It is expected that the supply side will tighten as a whole this week, but overall, from the perspective of the industry, although the supply pressure is not large, it is not tense, and the downstream follow up just on demand.
Market outlook
SunSirs predicts that the domestic MIBK market may be pushed up when it stabilizes. The cost side is strongly supported by acetone, the Zhejiang Zhenyang plant is overhauled, and MIBK is mainly running at a high price, but the increase is limited by the release of the demand side.
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