Price trend

According to data monitoring by SunSirs, as of September 13, 2023, the domestic market price of MEK was set at 8,566 RMB/ton. Compared with September 8, 2023 (reference price of MEK was 8,216 RMB/ton), the price increased by 350 RMB/ton, an increase of 4.26%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that in the recent period (9.8-9.13), the domestic MEK market had shown an overall upward trend. Gold September arrived, as entering September, the overall focus of the domestic MEK market continued to move upwards. As of September 13, the trading atmosphere in the MEK market was good, and downstream demand was driven by the upcoming National Day and Mid Autumn Festival. The overall stock was good, and the demand side provided stronger support for the MEK market. The cost side was stable, and the cost support for MEK was also stable. The overall supply and demand transmission in the MEK market was smooth, and there was no pressure on the supply side, MEK factories and suppliers were actively increasing the price of MEK, with a cumulative increase of around 200 to 500 RMB/ton within seven days. As of September 13th, the domestic market price of MEK was around 8,300-89,00 RMB/ton, with sporadic high end prices exceeding 9,000 RMB/ton.

Market outlook

As of September 13th, new orders in the MEK market were sold well, the pace of downstream stocking was boosted, the overall market atmosphere was warm, and the mentality of the business owners was firm. The MEK data analyst of SunSirs believes that in the short term, the domestic MEK market will mostly operate stronger, and the specific trend needs to pay more attention to changes in supply and demand news.

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