The MIBK market is experiencing a stalemate.

1. Daily Summary

① Today, the mainstream transaction reference price for domestic MIBK was 13,050 yuan/ton, remaining stable.
② Today, the domestic MIBK capacity utilization rate was approximately 45%.

2. Spot Market Overview

Data Source: Chempricehub Information

Based on the East China region, today's mainstream MIBK transactions in East China ranged from 13,000 to 13,100 yuan/ton, holding steady compared to the previous trading day. The East China MIBK market showed little sign of improvement. Although the acetone market continued to rise, MIBK operators' offers remained largely unchanged. Low-priced inventory was available in the market, but downstream end-user purchasing enthusiasm was low, with limited new orders. The market faced a dilemma between rising and falling prices.

3. Production Dynamics

The daily capacity utilization rate for the MIBK industry was around 45%. The daily profit margin for the MIBK industry stood at -631 yuan/ton.

4. Price Forecast

In the short term, the MIBK industry is expected to remain in a consolidation phase. While there is upside potential in the acetone market, increasing cost pressures are offset by limited downstream buying interest and sufficient supply, including low-priced inventory. Holders find it difficult to operate effectively, leading to range-bound fluctuations in the short-term market. Future attention should be paid to the movement of raw material acetone and the release of procurement momentum from end-users.

5. Related Products

Acetone: Based on Jiangsu Province, today's acetone price closed at 8,535 yuan/ton, an increase of 135 yuan/ton from the previous trading day. The center of gravity for the East China acetone market shifted upward. In the morning, some factories raised their opening quotes, signaling support for prices. This boosted the enthusiasm among inventory holders to push prices higher, leading to follow-up increases in offers. Coupled with strengthened cost-side support, a few downstream factories entered the market to inquire and replenish stocks. Actual transactions were primarily driven by small-lot rigid demand, with limited chasing of higher prices, making low-priced cargo difficult to source.

6. Data Calendar

Table 4: Domestic MIBK Data Overview (Units: 10,000 tons, yuan/ton)

Data Source: Chempricehub Information
Notes:

1. ↓ ↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%.
2. ↗ ↘ indicates narrow-range fluctuation, highlighting data dimensions with changes within 0-3%.