According to the reference price of MEK (1459300 tons / day), the average price of MEK decreased by 26.90% as of February 2023, compared with the average price of 1459300 tons / day in the domestic market.

It can be seen from the data monitoring chart of SunSirs that in April, the domestic MEK market generally went down. In the first ten days of April, after returning from the Qingming holiday, on the 7th, the domestic MEK market ushered in a slight rise. The ex factory price of MEK increased by about 100 RMB/ton. Most of the rise came from the support given by the tight inventory at the supply side. The overall boost on the downstream demand side was general, and the MEK market was mostly stable and consolidated. On the 14th, the low-end price of MEK in Shandong moved up by 100 RMB/ton, and other factories and spot traders mostly made stable quotations. As of April 15, the ex factory price of domestic MEK is around 15000-15200 RMB/ton, and the high-end price is around 15400 RMB/ton.

In late April, the trading atmosphere in the domestic MEK market was always tepid. Due to the influence of logistics and transportation and other factors, the downstream demand was restricted. On the 19th, the domestic MEK factory in Shandong reduced the ex factory price of MEK by 200 RMB/ton to 14700 RMB/ton. The atmosphere of MEK on-site trading was light, and the overall operating rate of MEK was low due to the maintenance of devices in some parts of China. The pressure of spot supply of MEK was small, and many factories made stable quotations. On the 20th, Shandong factory slightly callback the price of MEK, increasing the range by 100 RMB/ton to 14800 RMB/ton. However, the downstream demand support is weak, the supply and demand circulation is slow, and the transaction volume of MEK is limited. Since the 22nd, the domestic MEK market has been running downward again. The on-site supply and demand is deadlocked, the wait-and-see mood is heavy, and the demand follow-up is insufficient. As of the 26th, the ex factory price of domestic MEK is around 14000-14700 RMB/ton. Compared with the beginning of the month, the price is reduced by 300-700 RMB/ton, a decrease of 2.9% in the month. At present, the on-site trading of MEK is still cautious, focusing on real orders and more negotiations.

In the upstream, according to the monitoring data of the SunSirs, as of April 25, the reference price of liquefied gas was 6380 RMB/ton, an increase of 1.75% compared with April 1 (6270 RMB/ton). On April 25, the opening price of LPG futures contract 2206 was 6030, the highest price was 6049, the lowest price was 5761, the closing price was 5799, the former settlement price was 6121, the settlement price was 5897, down 322, down 5.26%, the trading volume was 140726, the position was 61332, and the daily position was increased by - 475. (quotation unit: RMB/ton)

Future analysis of MEK

At present, the bearish sentiment in the downstream of MEK is heavy, the confidence of operators is weak, and the MEK factory has a certain shipping pressure. The MEK data division of business society believes that in the short term, the market situation of MEK is mostly weak, and the effective support in the field is still insufficient. The specific trend needs to pay more attention to the news changes of supply and demand and the changes of environmental factors in the field.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.