Price trend

According to the data monitoring of SunSirs, as of February 17, 2023, the domestic market price of MEK was 8,966 RMB/ton. Compared with February 1, 2023 (the reference price of MEK was 8,533 RMB/ton), the price increased by 433 RMB/ton, or 5.08%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that in the first ten days of February, the domestic MEK market as a whole was running steadily upward. The main driving force for the rise of the market of MEK was the continuous rise of the C4 ether market at the end of the raw material, which gave the cost support for MEK to be strengthened. In order to alleviate the cost pressure, the MEK manufacturers raised the price of MEK by 300-400 RMB/ton. However, the downstream demand for MEK was weak, the overall demand support was general, and the momentum for the continuous rise of MEK market was limited. In this week, the MEK market as a whole entered a stable consolidation trend after rising. As of February 17, the domestic market price of MEK was around 8,600-9,000 RMB/ton.

Market outlook

The downstream terminal demand of MEK had not yet fully recovered. The overall support of MEK from the demand side was slightly loose. The new transaction of MEK was general, and the overall inventory of MEK market at the supply side was relatively sufficient. MEK statisticians of SunSirs believe that in the short term, the domestic MEK market is mainly volatile, and the specific trend needs to pay more attention to the specific information changes on the supply and demand side.

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