SunSirs: Domestic MIBK Market Continued to decline
January 11 2024 10:38:53 SunSirs (John)
Product Name: MIBK
The latest price (January 10th) was 15,333 RMB/ton, an increase of 1.55% from the previous working day's 15,100 RMB/ton.
Analysis review
Affected by the tight supply side, the MIBK market had shifted its focus upwards, with Ningbo Juhua's 5,000 ton and Zhejiang Zhenyang's 20,000 ton units undergoing synchronous maintenance. The market's spot supply was tight, and there was a shortage of circulating goods in the market. Traders had pushed up prices with a small amount of supply. From a downstream perspective, terminal factories mainly relied on rigid procurement, and their acceptance of high prices was limited. From a cost perspective, the impact was not significant, as the acetone market rose and then fell.
Market outlook
Affected by short-term tight demand, it is expected that the MIBK market will continue to operate steadily in the near future, but downstream enthusiasm for raw material procurement is not high, mainly based on demand.
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- 2024-04-07 SunSirs: Social Inventory Was Limited, and Domestic MIBK Market Continued to Rise
- 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
- 2023-11-07 SunSirs: The Domestic MIBK Market Saw a Broad Decline
