SunSirs: The Focus of Domestic MIBK Market Was Downward
February 16 2023 10:13:31 SunSirs (John)
Price trend
On February 15, the focus of MIBK market in East China fell, and the overall reference price was 20,200-20,800 RMB/ton.
Analysis review
It was difficult to support the market due to weak demand. Many traders had the intention of profit-taking and low-price shipment. Although the supply was still tight and the cost of acetone continued to rise, the cost of MIBK had little impact on it under the high profit, which was mainly affected by its own supply and demand. The enthusiasm of the downstream buying was not high. With the supply of imported goods replenished, the focus of the negotiation had declined.
Market outlook
It is expected that the market will be weakly consolidated today.
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- 2024-03-21 SunSirs: Supply Was Limited, and the Domestic MIBK Market Was Slightly Upward
- 2024-02-29 SunSirs: Limited Supply, Domestic MIBK Market Was Strongly Upward
- 2024-02-01 SunSirs: The Domestic MIBK Market Experienced a Significant Decline in January
- 2024-01-11 SunSirs: Domestic MIBK Market Continued to decline
