SunSirs: Under Demand Restricted, the MEK Market Fell in a Narrow Range (March 13-17)
March 22 2023 09:37:03 SunSirs (John)
Price trend
According to data monitoring by SunSirs, as of March 17, 2023, the domestic market price of MEK was referenced at 8,733 RMB/ton. Compared to March 12, 2023 (the reference price of MEK was 8,866 RMB/ton), the price was reduced by 133 RMB/ton, a decrease of 1.50%.
Analysis review
As can be seen from the data monitoring chart of SunSirs, the overall domestic MEK market declined in a narrow range this week (3.13-3.17). At the beginning of the week, the MEK market as a whole was in a weak consolidation operation, the trading of new orders on the market was limited and the overall performance of downstream demand was insufficient. Under the influence of demand constraints, in the middle of the week, the focus of the MEK market began to decline in a narrow range, and some MEK suppliers reduced the shipment price of MEK by around 100-200 RMB/ton. As of March 17, the domestic market price of MEK was around 8,400-8,700 RMB/ton, and the higher price was around 8,900-9,000 RMB/ton.
Market outlook
As of the 17th, the overall downstream demand for MEK remained weak, the lack of demand affected the mindset of the industry and the on-site MEK trading was light. The MEK data analyst of SunSirs believes that in the short term, the domestic MEK market is mainly adjusted to be weaker, and the specific trend needs to pay more attention to the specific news changes on the supply and demand side.
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