Price trend

According to data monitoring by SunSirs, as of August 18, 2023, the domestic market price of MEK was referenced at 7,750 RMB/ton. Compared with August 14, 2023 (reference price of MEK was 7,916 RMB/ton), the price was 166 RMB/ton, a decrease of 2.11%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (8.14-8.18), the overall market situation of domestic MEK showed a weak and declining trend. During the week, downstream demand for MEK was lackluster, new orders were rare, and there was a strong wait-and-see sentiment on the market. The mentality of the operators was average, with some MEK factories under certain supply pressure, and the support from both the supply and demand sides was insufficient. Therefore, under the influence of weak supply and demand, some MEK factories and suppliers gave up profits to ship, and the overall focus of the MEK market continued to move towards a low level, the market price of MEK decreased by around 100-300 RMB/ton within the week. As of August 18th, the domestic market price of MEK was referenced around 7,300-7,900 RMB/ton, with some low prices referenced around 7,200 RMB/ton.

Market outlook

As of August 18th, the trading atmosphere in the MEK market was average, and there was a certain wait-and-see sentiment in the market. Downstream new orders were trading cautiously. The MEK data analyst from SunSirs believes that in the short term, the overall domestic MEK market will be adjusted narrowly, and the specific trend still needs to pay more attention to the changes in supply and demand interest rates.

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