Morning Market Update for MIBK

I. Key Points

1. Yesterday, the reference trading price for MIBK in the market was 13,500 RMB/ton, a decrease of 100 RMB/ton.
2. Yesterday, the mainstream reference trading price for the raw material acetone was 8,975 RMB/ton, an increase of 25 RMB/ton.

Core Logic: Rising costs have not been matched by strong demand; holders are maintaining a moderate pace of sales.

II. Price Table

Notes:

1. Acetone prices refer to national standard premium grade products; MIBK prices refer to enterprise standard products.
2. All listed prices are spot cash ex-works prices, unit: RMB/ton.
3. The two price points represent specific time-point prices from the past two working weeks, not weekly averages.
4. The change rate is the period-over-period percentage change.

III. Market Outlook

Yesterday, the domestic MIBK market trended weakly. Although cost trends moved upward, MIBK prices diverged from raw material movements due to limited downstream follow-through and lackluster inquiry activity. Holders focused on selling, causing the center of gravity for actual transactions to shift slightly lower. It is expected that the domestic MIBK market will oscillate within a range today, with attention paid to fluctuations in acetone prices and their impact.

IV. Data Calendar

Notes:

1. ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuation, highlighting data with changes within 3%.
3. → indicates stability.