SunSirs: The MEK market was weak and downward overall this week (May 7-12)
May 15 2023 10:34:39 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, as of May 12, 2023, the reference price of domestic MEK market was 8,033 RMB/ton, which was 333 RMB/ton lower than that of May 7, 2023 (8,366 RMB/ton), a 3.98% drop.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (5.7-5.12), the overall domestic MEK market showed a weak downward trend. This week, the overall market for MEK was weak and declining, with a flat trading atmosphere on the market. New orders were limited, and downstream demand for MEK improved poorly. Demand support was loosened, and some MEK factories and suppliers lowered MEK prices by around 200 RMB/ton. As of May 12, the domestic market price of MEK was around 7,800-8,300 RMB/ton.
Market outlook
As of May 12th, the overall MEK market was in a weak state, with downstream demand being cautious and mainly purchasing according to quantity. There was also some shipping pressure on the supply side of MEK. The MEK data analyst at SunSirs believes that in the short term, the MEK market will mainly adjust and operate within a narrow range, and the specific trend 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
