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SunSirs: Light trading led to the high drop of MEK market this week

June 17 2022 09:24:05     

According to the monitoring data of the SunSirs, as of June 16, 2022, the average ex factory price of MEK in the domestic market was 11266 RMB/ton. Compared with June 12 (the ex factory price of MEKe was 11900 RMB/ton), the average price was reduced by 634 RMB/ton, a decrease of 5.32%. Compared with June 1 (the ex factory price of MEK was 10433 RMB/ton), the average price was increased by 833 RMB/ton, or 7.99%.

It can be seen from the data of the SunSirs that the overall high level of the domestic MEK market fell this week, with a decline of about 5.32% during the week. At the beginning of this week, in the face of the current high market situation of MEK, the wait-and-see mood in the downstream was aggravated, the demand was cautious, the trading atmosphere in the floor was light, and the demand support was loose. Under the influence of this, the market focus of MEK fell, the factory offer was lowered continuously, the traders' quotations were mostly in line with the market, and the market price continued to decline. As of June 16, the ex factory price of MEK was around 10200-10400 RMB/ton, with a decline of 300-500 RMB/ton in the week. At present, the overall trading atmosphere in the market is still low, and the downstream is mainly preparing goods on demand and negotiating with actual orders.

Upstream, on June 15, the domestic liquefied gas market weakened as a whole, and the price of Shandong civil gas market continued to fall, with a downward range of about 50 RMB/ton. In the morning, the international crude oil price fell in a bad market mentality. In addition, in the current traditional off-season, the terminal demand is weak, the downstream maintains the replenishment on demand, and the market trading atmosphere is poor. It is expected that the civil price of liquefied gas will continue to be weak in the short term.

Future analysis of butanone

At present, the supply side of MEK field has given some support to the market. In June, the field start-up was low, and the overall pressure on the supply side was small, but the overall performance of the demand side was average. The MEK data analyst of SunSirs believes that in the short term, the domestic MEK market is mainly adjusted and operated in a narrow range, and more attention should be paid to the basic changes in the supply and demand side of MEK.

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

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