Price trend

According to data monitoring by SunSirs, as of April 19, 2024, the domestic market price of MEK was referenced at 8,200 RMB/ton. Compared with April 14, 2024 (reference price of MEK was 8,016 RMB/ton), the price was reduced by 184 RMB/ton, an increase of 2.29%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that this week (4.14-4.19), the overall domestic MEK market showed an upward trend. During the week, the downstream demand for MEK was mainly based on rigid purchase orders, and the overall trading atmosphere on the market was mild. The upward support factors for the MEK market were mostly from the cost side. Since April, the raw material side ether after carbon four market continued to rise, and the support from the cost side for MEK had gradually strengthened. As of April 19th, the domestic market price of MEK was based on around 8,100-8,500 RMB/ton.

Market outlook

As of April 19th, the terminal demand in the MEK market had been generally followed up, and the procurement of raw materials was mainly cautious and on demand. The overall operating rate in the MEK field was low, around 65%. Some factories mainly placed orders in the early stage, and the overall supply pressure in the MEK field was not high. SunSirs' MEK data analyst believes that in the short term, the domestic MEK market will mostly operate steadily with a stronger bias, and the specific trend still needs to pay more attention to changes in supply and demand news.

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