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SunSirs: In Early July, the MEK Market Soared 12.76%

July 15 2021 14:16:06     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, as of July 14, the average ex-factory price of MEK in the domestic market was 9,133 RMB/ton. Compared with the price on July 1 (the reference price of MEK was 8,100 RMB/ton), the average price was increased by 1,033 RMB/ton, an increase of 12.76%.

Analysis review

Starting from the beginning of July, the MEK factories in Shandong and Lanzhou entered the maintenance period. The domestic MEK market in East China was tight, and the downstream purchased on demand. The overall trading atmosphere was good. The confidence of the industry increased, and most of the companies were reluctant to sell. Therefore, in the first ten days of July, the market price of MEK continued to rise. As of July 14, the price of MEK in Shandong was at a high level and the ex-factory price of MEK from Shandong Dongming Petrochemical referred to 9,200 RMB/ton. The market for MEK in Jiangsu was stable, and the ex-factory reference price of MEK was around 9,000-9,200 RMB/ton. According to the data monitoring of SunSirs, on July 14, the average ex-factory price of MEK in the domestic market was 9,133 RMB/ton, which was a half-month increase of nearly 13% compared with the price at the beginning of the month.

On the upstream side, on July 14, the civil market for liquefied gas in North China was generally stable with a slight increase in some cases, the downstream just needed to enter the market and the enthusiasm for entering the market was average; The civil market for liquefied gas in Northeast China remained stable with little change, the market transaction atmosphere was average, and the mainstream price of gas was 4,050-4,250 RMB/ton; The civil market of liquefied gas in Shandong was mainly stable with individual upward adjustments, and the market transaction atmosphere was mild.

Market outlook

At present, after MEK has risen to a high level, downstream orders have decreased, and the purchases just on-demand at the beginning of the month have gradually ended. Therefore, SunSirs MEK analysts believe that in the short term, the MEK market price lacks the motivation to continue to rise, and it will mainly consolidate at a high level.

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