Price trend

According to the data monitoring of SunSirs, as of February 8, 2023, the domestic market price of MEK was 8,716 RMB/ton. Compared with that of January 29, 2023 (the reference price of MEK was 8,400 RMB/ton), the price increased by 316 RMB/ton, or 3.77%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that after the end of the Spring Festival holiday, the domestic MEK market overall showed a steady upward trend. After the festival, the atmosphere of intra-field trading of MEK was general, and the downstream purchases were based on demand. The effective support for the upward movement of MEK's center of gravity was mostly from the cost aspect. After the festival, the cost support for MEK was gradually strengthened by the upward movement of the raw material ether C4 market. On February 8, the domestic market price of MEK was referred to around 8,500-9,000 RMB/ton, and the price was increased by around 300-500 RMB/ton compared with that before the festival.

Market outlook

At present, the downstream demand for MEK still needs to be gradually improved. The overall trading atmosphere in the market is relatively weak, and the downstream replenishment is mainly based on demand. MEK statisticians of SunSirs believe that in the short term, the overall domestic MEK market will be stable and slightly changed, and mainly with interval adjustment operation. The specific trend also needs to pay more attention to the specific information changes on the supply and demand side.

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