Price trend

According to data monitoring by Business Society, as of July 12, 2023, the domestic market price of MEK was referenced at 7200 RMB/ton. Compared with July 7, 2023 (reference price of MEK was 7233 RMB/ton), the price was reduced by 33 RMB/ton, a decrease of 0.46%.

Analysis review

From the data monitoring chart of Business Society, it can be seen that this week (7.7-7.12), the overall market trend of domestic MEK showed a narrow downward trend. Entering this week, downstream businesses of MEK were cautious in purchasing, and there was a strong wait-and-see sentiment in the MEK market. The transmission between supply and demand was slow. At the beginning of the week, some MEK factories and suppliers actively lowered the price of MEK, with a narrow range of about 100 RMB/ton. Subsequently, the overall MEK market was weak and organized. As of July 12th, the domestic MEK market price was around 7000 to 7400 RMB/ton, and the lower price was around 6600 RMB/ton, The relatively high price is around 7500-7600 RMB/ton.

Market outlook

At present, the trading atmosphere on the market for MEK is relatively light, and the overall operation on the market is cautious. The MEK data analyst from the Business Society believes that in the short term, the domestic MEK market will mainly adjust and operate in a narrow range, and the specific trend needs to pay more attention to changes in supply and demand news.

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