Price trend

According to the data monitoring of SunSirs, as of January 6, 2023, the reference price of domestic MEK market was 8,500 RMB/ton, which was down by 100 RMB/ton, or 1.16%, compared with that of January 3, 2023 (8,600 RMB/ton).

Analysis review

It can be seen from the data monitoring chart of SunSirs that the first week (1.3-1.6) after the New Year's Day, the domestic MEK market was generally weak and fell. This week, the downstream demand for MEK was weak, the trading atmosphere in the market was cold, and the effective support for the MEK market was insufficient. The overall focus of the market was moving downward. The overall reduction of the MEK market price was about 100-200 RMB/ton.

As of January 6, 2023, the reference price of domestic MEK market was around 8,100-8,500 RMB/ton, and the reference high-end price was around 8,700-8,900 RMB/ton. The overall difference between high and low prices in the market was large.

Market outlook

As the Spring Festival is approaching, the downstream construction of MEK is in general, some factories have stopped, and the support that downstream demand side has given to the market is loosen. MEK data experts from SunSirs believe that in the short term, the trading atmosphere in the MEK market is difficult to improve, and the price of MEK market will mostly be adjusted weaker in a narrow range. More attention should be paid to the changes in major factories and market news.

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