SunSirs: The MEK Market Saw a Sight Increase This Week (March 6-10)
March 13 2023 09:45:35 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, as of March 10, 2023, the domestic market price of MEK was 8,866 RMB/ton. Compared with March 5, 2023 (the reference price of MEK was 8,733 RMB/ton), the price increased by 133 RMB/ton, or 1.53%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that at the beginning of March, due to the loosened support of the demand side, the domestic MEK market was generally weaker. In this week (3.6-3.10), the domestic MEK market as a whole had seen a slight rise, and the power to support the upward focus of the MEK market was mainly from the support of supply and cost.
In terms of cost, the price of MEK raw material was high and firm, and the support of MEK cost side was continuously strengthened. Therefore, the overall market of MEK was up slightly with the raw material.
In terms of supply, some MEK plants had shutdown and maintenance plans in the middle of this month, and the overall operating rate of MEK was low. As the low price MEK was gradually digested, as of the 10th, the overall inventory of MEK in the market was low, and the tight supply side also supported the rise of MEK market.
Market outlook
As of the 10th day, the downstream demand of MEK in the market was relatively calm, and the support given by the demand side was general. The MEK statistician of SunSirs believed that in the short term, the domestic MEK market might be mainly adjusted and operated in a range, and the market fluctuation was limited. The specific trend still needed to pay more attention to the specific information changes of the supply and demand side.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-22 SunSirs: Under Cost support, the MEK Market Was on the Rise
- 2024-04-03 SunSirs: Poor Demand Support, MEK Market Ended with a Decline in March
- 2024-03-26 SunSirs: Demand Was Weak and the Focus of the MEK Market Was Downward
- 2024-03-15 SunSirs: Insufficient Demand Led to a Bearish Trend in the MEK Market
- 2024-03-08 SunSirs: Supported by Supply and Demand, the Center of MEK Continued to Move Upwards at the Beginning of the Month
