SunSirs: Recently, the MEK Market Had Been Weak and Declined
December 14 2023 14:10:59 SunSirs (John)
Price trend
According to data monitoring by SunSirs, as of December 13, 2023, the domestic market price of MEK was referenced at 7,533 RMB/ton. Compared with December 7, 2023 (reference price of MEK was 7,166 RMB/ton), the price decreased by 367 RMB/ton, a decrease of 4.87%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that in the recent period (12.07-12.13), the overall domestic MEK market had shown a weak downward trend. In early December, the supply and demand side of the domestic MEK market was relatively calm, and the trading atmosphere on the exchange was relatively quiet. The MEK market was weak and consolidating. Starting from December 7th, the overall market situation of MEK began to decline, and downstream demand continued to be weak. Under the drag of demand, the center of gravity of the MEK market continued to move towards a low level, with a cumulative decrease of about 200-300 RMB/ton in seven days. As of December 13th, the domestic MEK market price reference iwaround 7,000-7,500 RMB/ton.
Market outlook
As of December 13th, the overall trading atmosphere in the MEK market is still relatively light, and the transmission and conversion between supply and demand of MEK is slow. Inquiries on the market are average, and the MEK data analyst from SunSirs predicts that in the short term, the MEK market will mainly adjust within a narrow range. The specific trend still needs to pay more attention to the specific news changes on the supply and demand side.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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