SunSirs: After the Holiday, the Domestic MIBK Market Had Limited Volatility
May 08 2024 11:35:40 SunSirs (John)
Price trend
In April, the domestic MIBK market saw a significant increase, and in late April, the focus of negotiations remained at 15,200-15,600 RMB/ton. The market remained relatively stable after the holiday, with little market volatility.
Analysis review
After a significant increase in upstream acetone, there was a slight pullback after the holiday. The negotiated price in East China remained at 8,150-8,200 RMB/ton, with weakened cost support. Downstream terminal enterprises had average purchasing enthusiasm, and the post holiday wait-and-see sentiment was heavy. Overall, the market appeared slightly weak.
Market outlook
SunSirs predicts that although there is not much short-term supply pressure, terminal demand is limited, and market prices remain stable, the trading volume on the exchange is limited.
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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
- 2024-01-11 SunSirs: Domestic MIBK Market Continued to decline
