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Entering December, the MIBK market continued to perform weakly, with the current price running from 13,500 to 13,800 yuan (ton price, the same below), down more than 9,000 yuan from the high in the fourth quarter
The market plummeted
The market plummetsThe market plummetsEntering the fourth quarter, the MIBK market was affected by factors such as device maintenance and power curtailment, and supply was reduced.
The MIBK market started a sharp decline in November.
Entering December, although the market decline has slowed down, the downward trend has not changed
Regarding the market outlook, Zhang Qian and other industry insiders believe that in the short term, the MIBK industry operating rate is stable at around 76%, and the oversupply situation in the market is difficult to change
Profit margin cut in half
Profit margin cut in half profit margin cut in halfWith the rapid decline in prices, the profits of MIBK manufacturers have also narrowed sharply
Jinlianchuang analyst Bian Chenhui said that in addition to production factors, the market trend of raw material acetone is also an important factor affecting MIBK's profit
From the perspective of acetone supply, Yangzhou Shiyou's phenol ketone plant has been overhauled recently, but due to the planned overhaul and short parking time, it has limited boost to the market
Industry insiders such as Bian Chenhui believe that Zhejiang Petrochemical’s 90,000 tons/year MMA device and Lihuayi’s 100,000 tons/year MMA device are scheduled to be put into operation by the end of the year.
Weak demand
Weak demand to lift Weak demand to liftThe main consumer areas of MIBK are coating solvents and rubber antioxidants
According to Zhang Qian, another raw material for antioxidants, aniline, stopped falling and rebounded, but the prices of acetone and MIBK continued to fall, and the overall cost side was still bearish
“The operating rate of terminal tire companies has dropped slightly
Looking at the market outlook, the production capacity of antioxidants in some areas is still limited due to environmental protection and other factors, and downstream demand is gradually decreasing, making it difficult to increase the volume of actual transactions on the market, and it is difficult to form an effective support for the raw material MIBK market
