The MIBK market is primarily experiencing a downward trend.

1. Daily Summary

① Today’s mainstream negotiated price for domestic MIBK was 13,100 yuan/ton, a decrease of 100 yuan/ton.

② Today’s domestic MIBK capacity utilization rate stood at approximately 45%.

2. Spot Market Overview

Based on the East China region, today’s mainstream negotiated prices for MIBK in East China ranged from 13,000 to 13,200 yuan/ton, down 100 yuan/ton compared to the previous trading day. The decline in the East China MIBK market was primarily driven by falling costs and bearish news sentiment. Holders lacked confidence, leading to continued downward revisions in offers. Meanwhile, demand remained weak with limited purchasing interest and few actual transactions following through.

3. Production Dynamics

The daily capacity utilization rate for the MIBK industry was around 45%. The daily profit margin for the MIBK industry was -208 yuan/ton.

4. Price Forecast

In the short term, the MIBK industry is expected to operate under weakness. The raw materials market remains bearish, providing insufficient cost support. Holders lack confidence and are prioritizing inventory clearance, while demand remains sluggish and market transaction activity is poor. The short-term market is likely to fluctuate weakly. Future attention should be paid to the performance of acetone (the key raw material) and the release pace of end-user procurement.

5. Related Product Status

Acetone: Based on the Jiangsu region, today’s acetone price closed at 8,250 yuan/ton, down 100 yuan/ton from the previous trading day. The East China acetone market continued its downtrend. At the beginning of the week, wait-and-see sentiment prevailed among market participants. Port inventories rose to 24,500 tons. Holders quoted prices according to market trends to facilitate sales, but downstream participation was limited, resulting in a generally quiet trading atmosphere. Major producers lowered their ex-factory prices to respond to market conditions; however, there were reports of insufficient actual transactions, and overall trading performance remained flat.

6. Data Calendar

Table 4: Domestic MIBK Data Overview (Units: 10,000 tons, yuan/ton)