SunSirs: The MEK Market Saw a Slight Decline This Week (April 15-20)
April 21 2023 13:22:26 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, as of April 20, 2023, the reference price of domestic MEK market was 8,333 RMB/ton, which was 33 RMB/ton lower than that of April 15, 2023 (8,366 RMB/ton), a decrease of 0.40%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (4.15-4.19), the overall domestic MEK market had slightly declined. This week, the overall downstream demand in the domestic MEK market continued to be weak, with insufficient demand boost. The overall transaction volume in the MEK market was relatively light, and the mentality of the operators was average. During the week, some MEK factories and MEK operators in Shandong region narrowly lowered the shipment prices of MEK, with a reduction of 50-100 RMB/ton. As of April 19, the domestic market price of MEK was around 7,800-8,400 RMB/ton.
Market outlook
As of the 20th, the overall trading atmosphere on the MEK market was average. However, with the upcoming May Day holiday, Downstream may usher in phased stocking, and there is little risk of the MEK market continuing to decline. Therefore, the MEK data analyst from SunSirs believes that in the short term, the MEK market will mostly operate with major stability and minor fluctuations, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.
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- 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
