SunSirs: In early December, the MEK Market Was Consolidating

Price trend

According to data monitoring by SunSirs, as of December 6, 2023, the domestic market price of MEK was referenced at 7,533 RMB/ton, which was basically the same as December 1, 2023. Compared with November 1, 2023 (reference price of MEK was 8,100 RMB/ton), the price decreased by 567 RMB/ton, a decrease of 7%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that from the beginning of December (12.01-12.06), the domestic MEK market as a whole showed a stable consolidation and operation trend. At the beginning of the month, the supply and demand side of the MEK market was relatively calm, and the overall trading atmosphere on the market was relatively quiet. Downstream demand continued to be weak, and the overall inventory of downstream remained tight. Some MEK suppliers adjusted prices narrowly based on their own inventory situation, and the overall market change was not significant. As of December 6th, the domestic MEK market price was around 7,100-7,700 RMB/ton, and the high-end price was around 7,800 RMB/ton.

Market outlook

As of December 6th, the overall trading atmosphere on the market for MEK was weak, and the overall supply and demand transmission on the market was slightly deadlocked. SunSirs’ MEK data analysts predict that in the short term, the MEK market will mostly be weaker with slight adjustments, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.