Key Focus
Yesterday, the MIBK market reference price was CNY 12,650/ton, down by CNY 300/ton.
Yesterday, the mainstream reference price for acetone (feedstock) was CNY 8,600/ton, up by CNY 175/ton.
Core Logic: Supply-demand imbalance led holders to offer discounts to clear inventory.
| Product | Region | Nov 12 | Nov 11 | Change Rate |
|---|---|---|---|---|
| Acetone | East China | 8600 | 8425 | 2.08% |
| MIBK | East China | 12650 | 12950 | -2.32% |
| Notes: 1. Acetone prices are based on national standard premium grade; MIBK prices are based on enterprise standards. 2. All listed prices are spot cash ex-works prices in CNY/ton. 3. The two periods represent point-in-time prices from the past two working days, not weekly averages. 4. The change rate is the period-over-period percentage change. |
Yesterday, the domestic MIBK market center of gravity shifted downward. Although the acetone market rose significantly, its impact on the MIBK market was limited. With ample supply and high inventory levels, downstream inquiries remained weak, prompting holders to discount prices to facilitate sales, thereby pushing the transaction center lower. Today, the domestic MIBK market is expected to remain weak. Attention should be paid to the acetone feedstock market and actual transaction volumes.
| Data Item | Release Time | Previous Data | Expected Trend This Period | Remarks |
|---|---|---|---|---|
| Acetone Port Inventory | Friday 10:00 AM | 17,500 tons | ↘ | |
| MIBK Capacity Utilization Rate | Thursday 5:00 PM | 50.77% | ↗ | |
| 1. ↓↑ indicates significant fluctuation, highlighting data with changes exceeding 3%. 2. ↗↘ indicates minor fluctuation, highlighting data with changes within 3%. 3. → indicates stability. |
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