SunSirs: The MEK Market Increased Overall This Week (September 3-8)
September 12 2023 15:13:15 SunSirs (John)
Price trend
According to data monitoring by SunSirs, as of September 8, 2023, the domestic market price of MEK was set at 8,216 RMB/ton. Compared with September 3, 2023 (reference price of MEK was 7,983 RMB/ton), the price increased by 333 RMB/ton, an increase of 2.92%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (9.3-9.8), the overall market situation of domestic MEK showed an upward trend. During the week, the raw material side of MEK was l on the rise overal, and the support provided by the cost side for MEK was strengthened. The rise in the MEK market was mostly due to the trend of raw materials. Some MEK factories and suppliers increased the shipment price of MEK by about 200 to 400 RMB/ton. As of September 8th, downstream demand for MEK was cautious. As of September 8th, the domestic MEK market price was referenced around 7,900-8,600 RMB/ton.
Market outlook
As of September 8th, the increase in new orders on the MEK market was average, and downstream procurement was relatively cautious. The market situation was mostly affected by the cost side. The MEK data analyst from SunSirs believes that in the short term, the domestic MEK market is mainly adjusted to be weaker, and the specific trend still needs to pay more attention to the changes in supply and demand interest rates.
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- 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
