SunSirs: Before the Dragon Boat Festival, the MEK Market Rose Slightly (June 16-20)
June 21 2023 14:41:29 SunSirs (John)
Price trend
According to data monitoring by SunSirs, as of June 20, 2023, the domestic market price of MEK was referenced at 7,300 RMB/ton. Compared with June 16, 2023 (reference price of MEK was 7,266 RMB/ton), the price increased by 34 RMB/ton, an increase of 0.46%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that the domestic MEK market generally saw a slight rise before Dragon Boat Festival (6.16-6.20). Before the holiday, the rebound in the ether carbon four market of the raw material provided increased cost support for MEK. The overall narrow range of the MEK market trend was approaching upward, and some MEK factories and suppliers had slightly increased the price of MEK, with an adjustment range of 50-100 RMB/ton. The downstream demand side of MEK had improved commonly, and trading on the market before the holiday was cautious. As of June 20th, the domestic market price of MEK was around 7,000-7,300 RMB/ton, with lower prices around 6,700 RMB/ton and higher prices around 7,600 RMB/ton.
Market outlook
As of the 20th, the trading atmosphere on the MEK exchange was average, and there was a strong wait-and-see sentiment. The overall trading volume of new orders in the market was limited. The MEK data analyst from SunSirs believes that in the short term, the domestic MEK market is mainly stable and subject to small fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand news.
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