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SunSirs: MEK Fell in September Due to Weak Demand

September 08 2020 14:05:26     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, as of September 7, the average ex-factory price of MEK in the domestic market was 6,166.67 RMB/ton. Compared with the price on September 1, the average price was reduced by 50 RMB/ton, a decrease of 0.8%.

Downturn in demand, MEK market weakened in the first week of September  

In late August, the domestic MEK market was mainly weak and stable. The market enquiry atmosphere was general, the downstream procurement was poor, the downstream demand was sluggish, and the supply was slightly higher, the industry mostly maintained the rigid demand for goods.

Entering September, the MEK market continued to be deserted, the enquiry atmosphere was sluggish, and the demand was poor. On the 3rd, the external quotations of the MEK factory were loosened, and the market was weak and fell. Subsequently, the overall market was weak to maintain stable operation, demand increased insufficient, and traders mostly wait and see. As of the 7th, the mainstream transaction price of MEK in East China was 6,150 RMB/ton, down 100 RMB/ton from the beginning of the month; sales in South China were average. The mainstream transaction price was 6,300 RMB/ton, down 150 RMB/ton from the beginning of the month; the mainstream transaction price of MEK in North China was 5,800 RMB/ton, down 100 RMB/ton from the beginning of the month.

On the upstream side, entering September, the post-ether C4 was steadily rising, the mainstream transaction range rose to 3,150-3,220 RMB/ton, and the average price of the Shandong post-ether C4 was 3,200 RMB/ton. As the finished product market is about to usher in a new centralized procurement cycle, there is a certain positive boost to the finished product market. Under the influence of improved demand, the post-ether C4 manufacturers sell smoothly. Last week, the post-ether C4 transactions were stable and slightly increased. rise. However, affected by the sharp drop in international crude oil last weekend, the news was significantly suppressed by the negative market, and the post-ether C4 market transactions have stabilized and wait-and-see.

The atmosphere is deserted and the fatigue is still there, the MEK market may fall again in the short term

At present, most of the domestic MEK market is mainly stable for the time being. The weakness still exists, and the industry has a strong wait-and-see sentiment. The South China shipper has a heavy bearish attitude and a weak trend. It is expected that the MEK market may fall again in the short term. .

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