SunSirs: The Domestic MIBK Market Continued to Decline
April 13 2023 10:44:08 SunSirs (John)
Price trend
The center of gravity of the domestic MIBK market continued to decline, and as of April 12th, the market negotiation space had declined to 13,600-14,500 RMB/ton.
Analysis review
The focus of the domestic MIBK market continued to decline, mainly due to insufficient demand and difficult expectations for improvement in the demand side. The terminal operating rate declined, with limited consumption of raw materials and a serious shortage of actual orders in the market. Under the pressure of factory shipments, prices continued to decline, and traders' offers continued to decline.
Market outlook
In the short term, the MIBK market is weak, and attentions should be paid to the trend of transaction performance..
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