SunSirs: The Domestic MIBK Market Was Upward Overall
August 03 2023 10:37:13 SunSirs (John)
Price trend
The MIBK market has shown a broad upward trend, with a negotiated reference price ranging from 12,500 to 12,600 RMB/ton. Despite the continuous increase in raw material acetone, the profit margin of downstream products has declined, and factories are willing to increase their prices. Traders have reported an increase, with a few broad increases. Downstream companies followed up just in needed, and the focus of negotiations was on the rise. Currently, trading volume is limited.
Analysis review
The raw material acetone rose widely in the early stage, supported by the cost, and the negotiated price in East China was 6,750 RMB/ton. Yesterday, the market price slightly declined, but the initial upward trend was significant, and cost pressure increased.
Market outlook
It is expected that the MIBK market will continue to hold up prices today (August 3rd) and pay attention to downstream procurement.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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