Price trend

According to data monitoring by SunSirs, as of August 11, 2023, the domestic market price of MEK was set at 7,983 RMB/ton. Compared with August 7, 2023 (reference price of MEK was 8,016 RMB/ton), the price was reduced by 33 RMB/ton, a decrease of 0.42%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that since August (8.1-8.07), the overall market situation of domestic MEK had shown a slight decline. At the beginning of the week, the overall MEK market remained stable and organized, with average downstream demand for MEK. Insufficient demand affected market sentiment. During the weekend, some MEK factories and suppliers narrowly lowered MEK prices by around 100-200 RMB per ton. As of August 11th, the domestic market price of MEK was around 7,500-8,200 RMB/ton.

Market outlook

As of August 11th, the trading atmosphere on the market for MEK was calm, and the mentality of the operators was average. Downstream purchasing was mainly cautious and in needed. New orders on the market were traded averagely, and the MEK data analyst from SunSirs believes that in the short term, the overall domestic MEK market is mainly adjusted to be weaker in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.

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