SunSirs: This Week, the MEK Market Rose (May 19-23)
May 27 2024 15:52:17 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of May 23, 2024, the reference price for domestic MEK market was 8,916 RMB/ton. Compared with May 19, 2024 (reference price for MEK was 8,816 RMB/ton), the price increased by 100 RMB/ton, an increase of 1.13%.
From the commodity market analysis system of SunSirs, it can be seen that this week (5.19-5.23), the overall domestic MEK market showed an upward trend. During the week, the overall market price of MEK continued to approach a high level. As of May 23, the domestic MEK market price reference was around 8,800-9,150 RMB/ton, with an increase of 100-150 RMB/ton during the week.
Analysis of Factors Influencing the Market of MEK
In terms of demand: the downstream demand side of MEK was temporarily performing steadily. With the arrival of summer, the terminal market of MEK continued to recover, and the overall transmission performance of the demand side was good. The demand side effectively supported the high-level operation of the MEK market.
In terms of supply: the overall supply of MEK in the market was temporarily still tight, and the pressure on MEK factories to ship was relatively small. With the support of the supply side, the overall price of MEK in the market had been positively adjusted upwards.
Market outlook
As of May 23rd, the trading atmosphere on the MEK exchange was mild, and the overall supply and demand transmission of MEK was good. The mentality of the industry was good. The MEK data analyst of SunSirs believes that in the short term, the domestic MEK market will mainly operate with large stability and small fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand news.
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