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SunSirs: Raw Materials Rose, and Domestic MIBK Market Continued to Rise
October 20 2022 09:08:09SunSirs(John)

Price trend

On the 18th, affected by the rise of raw material acetone again, MIBK market pushed up, and the overall negotiated price range was 11,600-11,800 RMB/ton.

Analysis review

On the 18th, the raw material acetone factory raised 200 RMB/ton, of which the latest price of Sinopec in East China was 6,200 RMB/ton, and that of Sinopec in North China was 6,100-6,200 RMB/ton. The concentrated increase of factories significantly boosted the market, and the sentiment of commodity holders to push up commodity prices increased. The intention of low price shipment was not strong, and the market negotiation price rose.

Market outlook

With MIBK market prices rising significantly, enterprises mainly delivered orders, the spot market supply was insufficient, and the circulation of goods on the market was limited. It is expected that MIBK will continue to operate strongly in the short term.

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