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SunSirs: After the Holiday, the Domestic MIBK Market Declined within a Narrow Range
October 14 2021 13:35:21SunSirs(John)

Price trend

After the holiday, the domestic MIBK market declined in a narrow range, and the high and low prices coexisted after the holiday, and then the offer fell. The reference offer was 22,000-22,500 RMB/ton, and the high-end offer on the market was 23,000 RMB/ton. According to the monitoring data of SunSirs, the market offer on October 8 was 23,275 RMB/ton, and the market offer was 22,400 RMB/ton on October 13, and the market was down 3.67%.

Analysis review

Supported by the news of post-maintenance, the holders of the market were mainly supporting prices, and the overall industry chain was mainly up. Traders had a positive attitude and most of their quotations are at high levels.

From the perspective of raw materials, the domestic acetone market rose first and then fell after the holiday. According to the monitoring data of SunSirs, taking the East China market offer as an example, the East China market offer on October 8 was at 6,400 RMB/ton, and the offer on October 13 was at 6,800 RMB/ton, an increase of 7.03%, and the highest intermediate negotiation was at 7,000 RMB/ton. The acetone market rose sharply due to the support of upstream raw materials, but the downstream acceptance was limited, and the holders gave profits to sell. The East China market fell sharply over the weekend, and the factory concentrated its downward adjustment of 100 RMB/ton. Looking at the national market, as of the 13th, the negotiation space was 6,800-7,100 RMB/ton. Offers in major mainstream regions were as follows: East China offers were at 6,800 RMB/ton, South China offers were at 7,500 RMB/ton, and Yanshan and Shandong offers were at 7,000-7,100 RMB/ton.

The downstream rubber additives market was stable, the start of accelerators was low, and demand support was limited. Under the influence of policies, the downstream tire industry started at a low level and overall demand was weak.

Market outlook

From the perspective of SunSirs, there is little short-term change at both ends of supply and demand, and it is expected that the MIBK market will sort out in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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