Price trend

According to data monitoring by SunSirs, as of January 31, 2024, the domestic market price of MEK was referenced at 7,650 RMB/ton. Compared with January 1, 2024 (reference price of MEK was 7,233 RMB/ton), the price increased by 417 RMB/ton, an increase of 5.76%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in January, the overall domestic MEK market showed a fluctuating upward trend, and the focus of the MEK market continued to approach high levels. The price of MEK market fluctuated from around 7,200 RMB/ton at the beginning of the month to around 7,700 RMB/ton at the end of the month, with an increase of nearly 6% within the month.

The influencing factors supporting the upward trend of the MEK market:

In terms of cost: In January, the overall high level operation of the ether C4 market for MEK raw materials provided support for the cost of MEK, and the overall focus of the MEK market was upward.

Demand: The downstream of MEK had started stocking up during the Festival, and the downstream MEK had been boosted as a whole. The demand also gave some support to the MEK market. As of January 31st, the domestic market price of MEK was around 7,600-7,900 RMB/ton, and the lower price was around 7,400 RMB/ton.

Market outlook

As of January 31st, the trading atmosphere on the MEK exchange was mild, and most downstream markets had already completed stocking. As the Spring Festival approaching, the overall production on the exchange was low, and some scattered small orders in the downstream were moderately stocked. The overall supply and demand transmission on the exchange was relatively quiet. According to the MEK data analyst from SunSirs, in the short term, the domestic MEK market prices will be mainly stable with small fluctuations, and the specific trend still needs to pay more attention to the specific news changes on the supply and demand side.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.