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SunSirs: This Week, the MIBK Market Oscillated in a Range
December 10 2021 13:30:34SunSirs(John)

Price trend

This week, the domestic MIBK market oscillated. The reference quotation in the East China market was around 14,300-14,500 RMB/ton. According to the monitoring data of SunSirs, the market quotation on December 2 was 15,000-15,200 RMB/ton, and the market quotation on December 9th 14,200-14,300 RMB/ton, the market declined by nearly 1,000 RMB/ton during the week, and it was heard that there was still room for talk about the actual order.

Analysis review

From the perspective of raw materials, the domestic acetone market was weak and steadily operating this week, and the negotiated quotation in East China was 5,300-5,350 RMB/ton. As of the 9th, the lowest quotation of domestic factories was 5,400 RMB/ton, and the quotations of acetone in major mainstream regions were as follows: East China offered 5,300-5,350 RMB/ton, South China offered 5,500 RMB/ton, and Yanshan and Shandong regions offered 5,500 RMB/ton. In the short term, the supply side will not change much, the manufacturer's inventory pressure is greater, and the port is relatively stable. SunSirs expects that the acetone market will be adjusted in a range in the short term.

The downstream rubber additives market had declined, 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.

Installation situation: During the week, there was little change in the start of the company. The anti-aging agent industry in the early stage was acceptable, but after a round of the market, the entire industry declined significantly, and the demand had shrunk. Other downstream retail investors were not very enthusiastic about entering the market, maintaining just-needed purchases, and bidding prices were low.

Market outlook

SunSirs believes that in the short term, the MIBK market will be difficult to benefit and the cost side will hardly support the MIBK market. Generally speaking, the downstream demand declined, and they mainly maintained on-demand follow-up. It is expected that the MIBK market will be consolidated weakly in the short term.

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Rubber & Plastics
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