The MIBK market is experiencing stable trading conditions.

1. Daily Summary

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

② Today, the capacity utilization rate for domestic MIBK production hovered around 45%.

2. Spot Market Overview

Based on the East China market, today’s mainstream MIBK negotiation prices in East China ranged from 13,400 to 13,600 RMB/ton, while those in South China ranged from 14,000 to 14,200 RMB/ton, both remaining unchanged from the previous trading day. The MIBK market trended sideways today. The raw material acetone price first declined and then rebounded during the session. Market sentiment provided some support, but sellers’ willingness to offload inventory was low, with a tendency to withhold sales observed in the afternoon. Meanwhile, downstream demand followed at a moderate pace based on rigid needs, resulting in limited transaction volume within the market.

3. Production Dynamics

The daily capacity utilization rate for the MIBK industry stood at approximately 45%. The daily profit margin for the MIBK industry was -168 RMB/ton.

4. Price Forecast

In the short term, the MIBK industry is expected to maintain a firm trend. The acetone market is moving upward, providing cost support. Holders of inventory exhibit bullish sentiment and prefer to withhold sales. However, downstream demand driven by rigid needs remains moderate. Consequently, the MIBK market is projected to fluctuate at elevated levels in the near term. Key focus areas include developments in the acetone raw material market and the follow-through status of end-user purchasing activity.

5. Related Products

Acetone: Based on the Jiangsu region, today’s acetone price closed at 8,525 RMB/ton, an increase of 75 RMB/ton from the previous trading day. The East China acetone market initially declined before rebounding today. As the first trading day following the National Day holiday, wait-and-see attitudes remained prevalent among market participants, with both buyers and sellers adopting cautious stances; proactive offers and inquiries were insufficient. Simultaneously, strong upward movement in raw material prices significantly enhanced cost support. In the afternoon, holders’ willingness to sell at lower prices diminished, leading to firmer quoted prices and a slight upward shift in the center of negotiations. Low-priced inventory gradually disappeared, while overall transactions continued to be dominated by small orders meeting rigid demand.

6. Data Calendar

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