The MIBK market experienced a narrow decline.

1. Daily Summary

① The mainstream negotiated price for domestic MIBK today was 13,450 yuan/ton, a decrease of 50 yuan/ton.

② The capacity utilization rate for domestic MIBK today is approximately 45%.

2. Spot Market Overview

Based on the East China region, the mainstream negotiated price for MIBK in East China today ranged from 13,400 to 13,500 yuan/ton, while in South China it ranged from 14,000 to 14,100 yuan/ton, representing a decline of 50 yuan/ton compared to the previous trading day. The MIBK market experienced a slight downturn today. Continuous declines in costs have impacted market sentiment, with insufficient downstream purchasing activity and weak inquiries. Holders are offering minor discounts to facilitate sales, causing the market center of gravity to shift downward amid weak conditions.

3. Production Dynamics

The daily capacity utilization rate for the MIBK industry is around 45%. The daily profit margin for the MIBK industry stands at -316 yuan/ton.

4. Price Forecast

In the short term, the MIBK industry is expected to trend weaker with fluctuations. The acetone market continues to decline slightly, leading to cost-side concessions. Support for holders' sentiment remains limited, increasing their willingness to sell. However, downstream demand based on essential needs is insufficient, resulting in a sluggish transaction atmosphere. Consequently, the MIBK market is projected to operate weakly in the short term. Key focus areas include developments in the raw material acetone market and the status of end-user purchasing follow-through.

5. Related Products Status

Acetone: Based on the Jiangsu region, today's acetone price closed at 8,600 yuan/ton, down 25 yuan/ton from the previous trading day. The East China acetone market fluctuated lower today. Overall trading activity remains subdued, with cautious sentiment among both buyers and sellers. Downstream procurement enthusiasm is low, with most holders selling according to market trends. End-users are purchasing only essential quantities, resulting in mediocre transaction performance and limited volume.

6. Data Calendar

Table 4: Domestic MIBK Data Overview (Unit: 10,000 tons, Yuan/ton)