According to the data monitoring of SunSirs, as of September 16, 2022, the average ex-factory price of MEK in the domestic market was 9,600 RMB/ton. Compared with the price on September 11 (MEK reference price of 9,266 RMB/ton), the average price was raised by 333 RMB/ton, or 3.60%.
Analysis review
It can be seen from the data monitoring chart of the business club that after the Mid-Autumn Festival, the domestic MEK market was running upwards as a whole. Returning after the festival, the operating rate of MEK in the field was low, the equipment was shut down for maintenance more, and the spot supply in the field was relatively tight, and the supply side gave some support to the MEK market. Some factories steadily raised the price of MEK after the holiday by 200-300 RMB/ton. The industry was more reluctant to sell, and the overall focus of the MEK market steadily moved up. As of September 16, the domestic MEK market reference price was around 9,500-9,800 yuan ton, with an increase of more than 3% after the holiday. The trading atmosphere in the MEK market was acceptable, and the downstream demand side mostly continued to be rigid.
On the upstream side, after the Mid-Autumn Festival, the domestic liquefied gas market was mostly consolidating, and the Shandong civil gas market lacked motivation to continue rising, and prices fell within a narrow range. According to the data monitoring of SunSirs, the average price of liquefied gas in the Shandong market was 5,930.00 RMB/ton on September 8, and the average price on September 15 was 5,916.00 RMB/ton, a drop of 0.24% during the week.
Market outlook
At present, the downstream demand side of MEK is mainly based on on-demand procurement, and the National Day holiday is coming soon. Under the support of appropriate downstream replenishment and stocking, the MEK data engineer of SunSirs believes that in the short term, the domestic MEK market is mainly stable and strong, and it is necessary to pay more attention to the news changes on the supply and demand side.
