The MIBK market remains primarily stable.

1. Daily Summary

① Today, the mainstream negotiated price for domestic MIBK was 13,500 RMB/ton, remaining stable.

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

2. Spot Market Overview

Based on the East China region, today's mainstream negotiation range for East China MIBK was 13,400–13,600 RMB/ton, and for South China MIBK it was 14,000–14,200 RMB/ton, both unchanged from the previous trading day. The MIBK market remained largely sideways today. Although acetone prices declined, supply-side pressure on MIBK remains moderate for now. There has been no significant stockpiling activity from downstream industries, buying interest is thin, and there are few signs of active trading in the market.

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 -430 RMB/ton.

4. Price Forecast

In the short term, the MIBK market is expected to remain stable with a transitional phase. Prior to the holiday, there is no downstream stockpiling trend, demand is weak, and holders face little pressure, maintaining steady offers. Actual transaction volumes within the market are limited. Short-term attention will focus on changes in MIBK supply and demand. As downstream stockpiling nears its end, holders are operating steadily. The MIBK market is predicted to continue moving sideways in the short term. Key focus should be placed on the acetone raw material market conditions and the follow-up status of terminal purchasing.

5. Related Products

Acetone: Based on Jiangsu province standards, today's acetone price closed at 8,725 RMB/ton, a decrease of 75 RMB/ton compared to the previous trading day. The East China acetone market trended lower amid volatility. Following the Mid-Autumn Festival, a wait-and-see attitude prevailed in the market, with traders adopting cautious stances. Downstream participation enthusiasm was low. Some manufacturers in Shandong lowered their opening quotes, dampening market sentiment. Holders' morale was suppressed, leading to an increased willingness to sell and accelerated shipment pace, resulting in an overall decline in transaction center levels.

6. Data Calendar

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