SunSirs: The MEK Market Fell Slightly This Week (December12-16)
December 19 2022 10:32:22 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, as of December 16, 2022, the reference price of domestic MEK market was 8,666 RMB/ton, which was 17 RMB/ton lower than that of December 12 (8,683 RMB/ton), a decrease of 0.19%. As of December 16, the reference price of domestic MEK market was around 8,200-8,900 RMB/ton.
Analysis review
It can be seen from the data monitoring chart of SunSirs that this week (12.12-12.16), the domestic MEK market generally fell slightly. During the week, the trading atmosphere in the MEK market was quiet, the downstream demand was weak, and it was mainly prudent to purchase and prepare goods. The MEK industry was in a general mood, and the overall market price was adjusted downward by a narrow margin of about 50 RMB/ton. As of the 16th, the overall operating rate of domestic MEK plants remained below 60%, and the domestic demand continued to be insufficient. As of the 16th, the overall supply and demand of MEK market were both weak.
Market outlook
At present, towards the end of the year, downstream terminals are gradually delisting, and downstream demand orders may continue to decline. It is difficult to improve the activity of the MEK market. When the MEK industry is actively shipping, the market price may continue to decline by a small margin. MEK mathematicians from SunSirs believe that in the short term, the MEK market may continue to decline, and the specific trend needs to pay more attention to the supply and demand side and the latest news changes in the market.
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