SunSirs: MIBK Market Continued to Run in a Downturn This Week (December 15-22)

Price trend

This week, the domestic MIBK market continued to be in a sluggish operation. The reference offer for the East China market was around 13,500-13,800 RMB/ton. According to the monitoring data of SunSirs, the MIBK market in East China was quoted at 13,500 RMB/ton on December 22, and the MIBK market in South China was quoted at 13,000-13,300 RMB/ton, the market continued to fall during the week, and real orders could be negotiated.

Analysis review

From the perspective of raw materials, the domestic acetone market is operating weakly this week, and the cost support was limited. The acetone negotiated price in East China was 5,150-5,200 RMB/ton. The quotation in the East China market on December 15 was at 5,275 RMB/ton, and the quotation on December 22 was at 5,240 RMB/ton, which continued to run at a low level. Looking at the national market, as of the 22nd, the price of acetone in East China bottomed out and rebounded by 50 RMB/ton, the negotiated price was 5,180-5,200 RMB/ton, the quotation in Shandong and Yanshan surrounding areas was 5,200 RMB/ton, and the quotation in southern China was 5,350 RMB/ton.

The downstream rubber additives market had declined, accelerator start-ups were 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 had poor enthusiasm for entering the market, they just needed to purchase, and the bid price was lower.

Market outlook

SunSirs believes that the MIBK market is difficult to benefit in the short term, and it is difficult for cost side to support the MIBK market. On the downstream side, overall, the demand has declined and only just purchase on demand. It is expected that the MIBK market will weakly consolidate in the short term.

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