The focus of domestic MIBK market has declined

The focus of negotiation in the domestic MIBK market has declined, continued to be in a downturn, and the overall change is limited. The reference value of the East China market is 10800-11000 yuan / ton.

This week, the upstream of domestic MIBK continued to decline, the industrial operating rate remained at about 80%, the supply was sufficient, the social inventory was high, the demand was sluggish and difficult to change, there were still many negative factors for the market, the short-term MIBK market changes were limited, and the short-term market is expected to be dominated by weak operation.

The raw material side continued to decline, the cost support fell, acetone continued to fall, and the market negotiated to 4950-5050 yuan / ton. The raw material side factory also lowered for many times, and the demand side still showed no signs of improvement. The mentality of the shippers was bad, the focus of trading and investment continued to decline, and it was difficult to mention terminal procurement.

Trend chart of average acetone price in East China market

The terminal demand is general, and the downstream orders are dominated by rigid demand. The short-term demand changes are limited. At present, it is difficult to make major changes in costs. The operation enthusiasm of the cargo carriers is general, and the mentality is mainly wait-and-see. Short term weak adjustment operation