Price trend

According to data monitoring by SunSirs, as of September 21, 2023, the domestic market price of MEK was set at 8,850 RMB/ton. Compared with September 15, 2023 (reference price of MEK was 8,766 RMB/ton), the price increased by 86 RMB/ton, an increase of 0.95%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (9.15-9.21), the overall domestic MEK market continued to rise slightly. Golden September was approaching, and the domestic MEK market as a whole was experiencing a warming up. Entering this week, the main MEK factories had performed well in exports, with tight supply on the MEK market and relatively low pressure on the supply side. In terms of cost, recently, the cost side of MEK was operating steadily and to be stronger. Therefore, with the support of both the supply and demand side and the cost side, the focus of the MEK market continued to move slightly towards the high-end, with an upward trend of around 100-200 RMB/ton in the market. As of September 21st, the domestic market price of MEK was around 8,700-9,000 RMB/ton.

Market outlook

As of September 21, the trading atmosphere on the MEK exchange was mild, and downstream stocks were steadily prepared before the holiday. The MEK industry had a good mentality, and the overall market support was still good. The MEK data analyst from SunSirs believes that in the short term, the domestic MEK market will mostly be stable at high levels, and the specific trend still needs to pay more attention to changes in supply and demand news.

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