SunSirs: On July 20, the Domestic MIBK Market Fell Broadly
July 20 2022 15:30:31 SunSirs (John)Price trend
On July 20, the domestic MIBK market fell in a wide range, and the negotiated reference price fell to 10,100-10,300 RMB/ton.
Analysis review
On the one hand, the raw material acetone has been falling for a long time, and the downward trend is obvious. Although there was a correction this week, the transaction on the market was still first high and then low. The atmosphere of real orders in the market was not good, and the center of gravity fell slightly.
The downstream was sluggish for a long time, and the procurement follow-up was insufficient, and the MIBK holders were under great pressure to ship, and the intention to make profits-cutting was obvious. Low-priced supplied frequently, pulling down the market price.
Market outlook
SunSirs expects that the MIBK market will run weakly in the near future, and pay attention to the transaction on the market.
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