SunSirs: MEK Market Was "Up" and the Price Rose 8.11% in This Week (October 12-16)

Price trend

According to the data monitoring of SunSirs, as of October 16, the average ex factory price of domestic MEK market was 6,666.67 RMB/ton, which was increased by 500 RMB/ton, or 8.11%, compared with the price on October 12; compared with the price on September 1, the average price was increased by 450 RMB/ton, or 7.24%; the maximum amplitude from September 1 to October 16 was 17.30%.

Domestic MEK market raised price by 8.11% in two rounds this week

This week, the overall domestic market for MEK was getting better. Low inventory gave the industry confidence. Factories and shippers were eager to rise. At the beginning of the week, Shandong factory first raised the ex factory price of MEK by 200 RMB/ton, and the average ex factory price of MEK rose to 6,300 RMB/ton. Subsequently, Nanjing, Ningbo and other regions raised the ex factory price of MEK, which opened the curtain of rising market of MEK. Near the end of the week, South China and East China again raised the ex factory price of MEK by 300-350 RMB/ton. As of the 16th, the ex factory price of MEK in South China was around 6,800 RMB/ton, that in North China was 6,500-6,600 RMB/ton, and that in South China was around 6,700 RMB/ton. The average ex factory price of domestic MEK market was 6,666.67 RMB/ton. Compared with the price at the beginning of the week, the average price of MEK increased by 500 RMB/ton, up 8.11% during the week.

After the festival, the market of MEK finally rose

On the upstream side, in this year's "Golden September", the liquefied gas civilian market did not usher in a rising market, but went further and further down the route. However, entering the "Silver October", the liquefied petroleum gas civilian market became more unwilling, and finally welcomed a sharp rebound. During the double holiday, the market has already started an upward path. After the holiday, it continued to rise sharply. This time, the increase in South China was the most prominent, and the market was more sustained. According to the data monitoring of SunSirs taking Guangzhou Petrochemical as an example, the civil quotation of Guangzhou Petrochemical's liquefied gas was 2,748 RMB/ton on September 30, and the quotation was 3,348 RMB/ton on October 14, which increased by 600 RMB/ton during the period. Other regions are not showing weakness. The overall center of gravity of the civil gas market has shifted upwards, and currently it has risen to more than 3,000 RMB/ton.

New orders are limited, and the market outlook is mainly for maintaining stable operation

After the overall price increase in the MEK market, the increase in new orders was small, and small orders were mainly traded. The demand was not obvious. The market continued to rise and the momentum was insufficient. The current inventory is normal and the accumulation is small. It is expected that in the short term, the MEK market may maintain stable operation.

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