Since January 11th, the domestic MIBK market has experienced a significant decline. According to the Commodity Analysis System of Business Society, the market reported 15333 yuan/ton on January 11th and 14500 yuan/ton on January 19th, a cumulative decrease of 5.43%

This week, the acetone market saw a narrow increase. As of now, the negotiated price for acetone in the East China region is between 6850-6900 yuan/ton. The trading atmosphere in the market was average this week. At the beginning of the week, with the arrival of port supplies, domestic factories are still in a loss making state. Traders are firm in their offers, with low prices remaining. Petrochemical companies are maintaining stability and shipping according to plan, and downstream demand is following up. Purchasing sentiment is average, and transactions are flat.

From a terminal perspective, the intention to purchase large orders has decreased, and the demand is mostly for small orders to follow up. Large enterprises enter the market with caution and tend to operate targeted contracts, but traders are holding onto the market and reluctant to sell, resulting in a significant increase in small order prices.

At present, the operating rate of the domestic MIBK industry is maintained near Liucheng, and the seller lacks confidence in the future market. Low price goods are frequently available, and the intention to make concessions has increased. Business Society predicts a weak performance in the short-term MIBK market.