SunSirs: Demand Was Difficult to Follow up and MEK Fell Once More

Price trend

According to the monitoring of SunSirs data, as of March 19, based on the quotations of several sample companies, the current average price of the domestic methyl ethyl ketone market is about 7,500 RMB/ton.

Analysis review   

Product: Last weekend, the domestic methyl ethyl ketone market has remained weak for the time being, and has been temporarily operating. Traders' offers have been temporarily stable. Since the beginning of this week, the methyl ethyl ketone market has seen a downward trend. On the 18th, the methyl ethyl ketone market weakened slightly and the transaction remained sluggish. The actual order transactions were small and traders' offers were loose. On the 19th, the offer prices in some areas of the methyl ethyl ketone market fell again. At present, the sales of methyl ethyl ketone market in South China are light. The market reference factory price is around 7,450-7,550 RMB/ton; it is about 100 RMB/ton lower than the beginning of the week; The reference ex-factory price of butanone in North China is 7,250-73,50 RMB/ton, which is about 200 RMB/ton lower than the beginning of the week; The reference ex-factory quotation for methyl ethyl ketone in East China is 7,200-7,400 RMB/ton, which is about 200 RMB/ton lower than the beginning of the week; The market in Jiangsu area is mainly weak finishing. Among them, Nantong Zhongkai Chemical Co., Ltd. quotes the butanone ex-factory price at 7,400 RMB/ton.

Industrial chain: The liquefied gas market experienced a small increase in early days in March. On the 6th, the average price was 3,767.67 RMB/ton, but soon the market price fell again. On the 10th, the average price of the liquefied gas market was 3,483 RMB/ton. The liquefied gas market has declined significantly this week. At present, as of the 18th, according to SunSirs data, the reference price for monitoring the liquefied gas market is around 3,066 RMB/ton. The market price of liquefied gas in Shandong area is lowered again, with the mainstream price around 2,900-3,200 RMB/ton; the mainstream price of liquefied gas market in north China is around 3,300-3,350 RMB/ton.

Industry: According to the price monitoring of SunSirs, on March 11, 2020, there were a total of 17 commodities in the 58 price rise and fall list, which were concentrated in the steel sector (a total of 5) and the non-ferrous sector (a total of 5), with an increase of more than 5%. Of the commodities are mainly concentrated in the energy sector; the top three commodities are WTI crude oil (10.38%), soybeans (2.23%), zinc (1.56%).There were a total of 21 types of goods that fell month-on-month, concentrated in energy (a total of 7 types) and building materials (a total of 3 types). The top 3 commodities were coke (-3.01%), fuel oil (-2.44%), and methanol (-2.32). %). The average daily increase or decrease was 0.14%.

Market outlook

The analyst of SunSirs believes that at present, the domestic methyl ethyl ketone market demand has not been significantly followed up, and the market turnover has been slightly sluggish. It is expected that there will be no shortage of risks in the market in the near future.

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