According to the data monitoring of SunSirs, as of November 24, 2022, the domestic MEK market reference price was 8,916 RMB/ton, compared with the price on November 17 (the MEK reference price was 8,966 RMB/ton), the average price decreased by 50 RMB/ton, or 0.56%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that recently (11.17-11.24), the overall domestic MEK market fell slightly. Recently, the downstream demand of the domestic MEK market continued to be insufficient, the downstream MEK oxime industry started at a low level, and the trading atmosphere in the MEK market was light. Under the supply and demand game, the MEK market mostly maintained a stalemate. Until the 22nd, the market of MEK in some regions fell slightly, and the price of MEK fell by about 100 RMB/ton. As of November 24, the domestic market price of MEK was around 8,700-9250 RMB/ton.
Market outlook
The raw material cost side gives some support to MEK. The MEK factory has limited space for substantial price reduction, and the weak demand side cannot support the strong rise of the MEK market. MEK data experts from SunSirs believe that in the short term, the domestic MEK market will mainly adjust the operation in a narrow range under the game between the supply and demand sides, and more attention should be paid to the information changes on the supply and demand side.
