Price trend

According to the data monitoring of SunSirs, as of March 3, 2023, the domestic market price of MEK was 8,733 RMB/ton. Compared with February 27, 2023 (the reference price of MEK was 8,766 RMB/ton), the price was reduced by 33 RMB/ton, or 0.38%.

Analysis review

In early March, the domestic MEK market continued its weak trend at the end of February. This week (2.27-3.3), the domestic MEK market continued to decline slightly. The downstream demand performance of MEK had not improved much this week, while the demand side was still weak. The trading atmosphere on the market was weak, and the attitude of the operators was general. Some MEK suppliers lowered the price of MEK, and the overall focus of the MEK market had declined slightly around 50-100 RMB/ton.

As of March 3, the reference price of domestic MEK market was around 8,300-8,700 RMB/ton, and the price of the higher end was around 9,000 RMB/ton.

Market outlook

As of March 3, although the overall increase of new orders in the MEK market was average, the overall market had entered the downward channel for several days, and the space for the market to continue to decline significantly in the short term was expected to be limited. MEK statisticians of SunSirs believe that in the short term, the domestic MEK market will mostly be stable, and the specific trend needs to pay more attention to the specific information changes on the supply and demand side.

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