In March, the domestic MIBK market rose in a narrow range. By the end of the month, the market reference offer in East China was around 14200 yuan / ton. According to the monitoring data of business agency, the market mixed offer in East China was 13833 yuan / ton on March 1, and the market offer was 13966 yuan / ton on March 30, with an increase of 0.96% in the month. On March 10, affected by the cost side support, the market offer was pushed up to 14066 yuan / ton. On the whole, it rose first and then made a narrow correction within the month. On the whole, it rose slightly in March, and the overall high was maintained.

In March, the domestic acetone market rose first and then fell, with an overall rise of 3.28%. According to the monitoring data of business agency, the average offer of domestic acetone market was 5725 yuan / ton on March 1, 5912 yuan / ton on March 30, an increase of 3.28% in the month, and the offer of domestic phenol market was 6337 yuan / ton on March 10, with an amplitude of 10.7%. By the end of the month, the offer in East China market was about 5850 yuan / ton, that in South China was 6000 yuan / ton, and that in North China and surrounding areas of Shandong was 5850-5950 yuan / ton

Trend chart of average acetone price in East China market

During the month, the operating rate of the industry was 80%, and the overall inventory pressure of the enterprise was small, mainly focusing on the delivery of early orders. In the trade sector, the offer of the cargo holders remained stable at a high level, mainly according to the market. However, in March, due to the impact of domestic public events, the logistics and transportation were blocked, and the procurement enthusiasm of the downstream solvent and coating industry was not high, mainly small orders, the cargo holders had few sources of goods, the supply was pressureless, the operation enthusiasm of both sides was not high, and the market price changed little.

From the perspective of business society, the market is still in a narrow range of shock operation. At present, MIBK enterprises have low inventory, little supply pressure, little supply pressure of traders, strong terminal demand, and flat on-site negotiations. However, there is little short-term supply pressure. If the transaction price between the factory and antioxidant rises in the later stage, the market confidence will be supported. It is expected that the price will still be very high at the beginning of next month.