Price trend

According to the data monitoring of SunSirs, as of November 4, 2022, the domestic MEK market price reference was 8,700 RMB/ton, which was 200 RMB/ton or 2.35% higher than the price on October 30 (8,500 RMB/ton).

Analysis review

It can be seen from the data monitoring chart of SunSirs that this week (10.31-11.04), the domestic MEK market overall showed a slight upward trend. The driving force supporting the small upward trend of domestic MEK market mainly came from the following two aspects:

First, in terms of cost, the Ether rear C4 market of raw material ether was running steadily upward since the middle of October, and the cost side had gradually strengthened its support for MEK. The quotations of MEK manufacturers were mostly stable or slightly increased.

Second, in terms of supply, in October, the overall performance of MEK export was good. In November, the domestic spot supply was controllable, and the overall supply side pressure was small, supporting the market to rise slightly.

As of November 4, the domestic market price of MEK was around 8,500-9,000 RMB/ton, and the weekly price increase was about 200-400 RMB/ton.

Market outlook

At present, after the MEK market rose slightly, the trading volume was average, the overall performance of the demand side was poor, and the trading atmosphere in the market was light. MEK mathematicians from SunSirs believe that in the short term, the upward momentum of the MEK market is limited, and the market tends to focus on the range consolidation operation. The specific trend needs to pay more attention to the specific information changes on the supply and demand side.

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