SunSirs: At the Beginning of the Month, the Overall MEK Market Saw a Slight Increase (February 1-4)
February 06 2024 14:20:10 SunSirs (John)
Price trend
According to data monitoring by SunSirs, as of February 4, 2024, the domestic market price of MEK was referenced at 7,750 RMB/ton. Compared with January 31, 2024 (reference price of MEK was 7,650 RMB/ton), the price increased by 100 RMB/ton, an increase of 1.31%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that in the first two months of February, the overall domestic MEK market showed a slight upward trend. As of February 4, there were still some factories downstream of MEK that were stocking up before the holiday, providing certain support to the market in terms of demand. The overall supply pressure of the MEK market was relatively small, and the supply and demand transmission of MEK was relatively stable. Some factories had good shipments, and the shipment price of MEK had been increased by about 100-200 RMB/ton. As of February 4th, the domestic market price of MEK was around 7,500-7,900 RMB/ton.
Market outlook
The Spring Festival holiday was approaching, and with logistics shutdowns in many domestic regions, the trading atmosphere in the MEK market was gradually becoming quiet and mild. SunSirs' MEK data analyst believes that in the short term, the domestic MEK market will mostly operate steadily, with limited fluctuations in the market overall. 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.
- 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
