The domestic MIBK market was adjusted and operated, and the reference for East China negotiations was 11,600-12,000 RMB/ton.
This week, the billing price of the acetone factory was raised by 100 RMB/ton. Although the stockholders' offers on the market progressed steadily, the good news on the market increased, and the firm cost-side offers formed support for the downstream. However, the follow-up of the terminal demand was insufficient, and the changes were general, and the MIBK market was mainly stable. According to the monitoring data of SunSirs, the market offer in East China on May 24 was 11,600-11,900 RMB/ton, and it has been stable recently.
The billing price of the acetone factory was raised by 100 RMB/ton. Although the offer from the stockholders on the market progressed steadily, the positive increase in the market and the firm cost-side offer formed support for the downstream.
The current demand performance is obviously insufficient. Some large enterprises mainly consume inventory, and other small orders follow up. The operating rate of downstream industries is insufficient, and under the pressure of shipments, the profit margins of stockholders are under pressure.
SunSirs predicts that the follow-up on the demand side is general. Although there are companies parking at the end of the month, which is mostly beneficial, the overall demand side is weak. It is expected that the pressure of stockholders will be difficult to change in the short term, and the weak adjustment will be made.