Morning Market Update for MIBK

I. Key Points

1. Yesterday, the reference negotiation price for MIBK in the Chinese market was 13,500 RMB/ton, remaining stable.
2. Yesterday, the mainstream reference negotiation price for acetone (the raw material) was 8,625 RMB/ton, a decrease of 75 RMB/ton.

Core Logic: The interplay between cost pressures and demand dynamics; holders are maintaining stable pricing operations.

II. Price List

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 periods represent snapshot prices from the past two working weeks, not weekly averages.
4. Change rate refers to the period-over-period percentage change.

III. Market Outlook

Yesterday, the domestic MIBK market traded within a narrow range. Cost-side pressures continued to decline. With limited selling pressure on inventory holders, market sentiment remained relatively positive, and offer prices showed little variation. Downstream follow-through was limited to essential demand, resulting in sluggish trading activity across the market. It is expected that the domestic MIBK market will experience minor fluctuations today. Attention should be paid to volatility in acetone prices and its potential impact.

IV. Data Calendar

Notes:

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