Morning Market Brief for MIBK

I. Key Points

1. Yesterday, the MIBK market transaction reference price was 13,050 RMB/ton, remaining stable.
2. Yesterday, the mainstream transaction reference price for the raw material acetone was 8,350 RMB/ton, up by 175 RMB/ton.

Core Logic: Rising costs are offset by sluggish downstream demand, leading holders to maintain stable operations.

II. Price Table

Notes:

1. Acetone prices refer to National Standard Premium Grade; MIBK prices refer to Enterprise Standards.
2. All listed prices are spot cash ex-works prices in RMB/ton.
3. The two-period prices represent point-in-time prices from the past two working weeks, not weekly averages.
4. The change rate reflects period-over-period fluctuation.

III. Market Outlook

Yesterday, the domestic MIBK market traded within a narrow range. The acetone market rebounded, driving cost increases. However, downstream terminal buying interest remained moderate, limiting operational flexibility for holders who maintained stable quotes with limited actual transactions. Today, the domestic MIBK market is expected to show limited volatility. Attention should be paid to the acetone feedstock market and actual transaction volumes.

IV. Data Calendar

Notes:

1. ↓↑ indicates significant fluctuations (change >3%).
2. ↗↘ indicates minor fluctuations (change ≤3%).
3. → indicates stability.