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SunSirs: This Week, the MIBK Market Fell Broadly (November 12-18)
November 19 2021 14:19:57SunSirs(John)

Price trend

This week, the domestic MIBK market declined broadly, the market offer fell below 20,000 yuan, and the reference offer in the East China market was 19,300-19,600 RMB/ton. According to the monitoring data of SunSirs, the market offer was 20,800 RMB/ton on November 12, and the market offer was 19,600 RMB/ton on November 18, and the market went down by 1,200 RMB/ton.

Analysis review

During the week, the start of the business did not change much. The anti-aging agent industry was profitable, and demand continued to be stable. Other downstream retail investors were not enthusiastic about entering the market, and they just needed to purchase, and the bid price was low.

From the perspective of raw materials, the domestic acetone market rose first and then fell this week, and the overall fluctuation space was not large. According to the monitoring data of SunSirs, judging from the average offer of acetone in East China, the price of acetone in the East China market was 5,600 RMB/ton on November 12, and the price of acetone on November 18 was 5,700 RMB/ton. During the period, the highest price of acetone was raised to 5,850 RMB/ton, Overall, the fundamentals did not change much this week. As of the 18th, domestic factories offered acetone at 5,800 RMB/ton. The acetone quotations in major mainstream regions were as follows: the offers in East China was 5,700 RMB/ton, the offers in South China was 6,000 RMB/ton, and the offers in Yanshan and Shandong areas was 5,850 RMB/ton. In the short term, the supply side will not change much, the inventory of manufacturers has increased, and the port side will be relatively stable. SunSirs expects that the market will focus on the demand side.

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

Market outlook

From SunSirs’ point of view, the market continued to decline and negative factors increased. The current downstream demand is still difficult to greatly improve. It is expected that the MIBK market will be weak and fluctuating in the short term.

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

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