In October, the focus of the domestic MIBK market declined. According to the Commodity Analysis System of the Business Society, the market quoted 17633 yuan/ton on October 1st, and 16400 yuan/ton on October 31st. The cumulative decline in October was 7%,
In October, the MIBK market went down, and the mainstream negotiated prices in East China fell to 16200-16400 yuan/ton. The market had prices but no market, and the trading situation was not optimistic. There were few new orders in the market, and large factories also reduced their volume. Traders lacked confidence in the short-term market and offered lower prices.
The cost side is bearish. In October, the domestic acetone market fell more or less, and after the holiday, port inventory rose to 16000 tons, causing a rapid decline in the market. However, as factories digested the short-term replenishment benefits and port inventory decreased, Sinopec Mitsui Phenol Ketone Plant temporarily shut down, and the market rebounded. However, ultimately, demand was limited and the push for growth was weak. In the latter half of the year, the market fell again.
From a terminal perspective, the demand is mostly for small orders to follow up, while the cautious operation of large enterprises entering the market is mostly targeted contracts, and the industrial chain lacks positive support.
From the perspective of Business Society, the domestic production of MIBK in October was 6800 tons, an increase compared to the previous month, and the operating rate has improved. Recently, the supply side is still sufficient, but demand is gradually turning into the off-season. The operating rate of downstream anti-aging agents is declining, and there is less consumption of raw materials. MIBK traders have increased their intention to ship. Shengyi Society predicts that the short-term MIBK market will continue to decline, and the market is expected to continue to bottom out in November. Focus on the support from the raw material end.
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