According to data monitoring by SunSirs, as of August 7, 2023, the domestic market price of MEK was set at 7,933 RMB/ton. Compared with August 1, 2023 (reference price of MEK was 7,866 RMB/ton), the price increased by 67 RMB/ton, an increase of 0.85%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that since August (8.1-8.07), the overall market situation of domestic MEK showed a slight upward trend. At the beginning of August, the overall market for MEK raw material Ether carbon four increased, and the cost side provided support for the market of MEK. The overall MEK market rose slightly, with an increase of around 100 RMB/ton. As of August 7th, the overall performance of downstream demand for MEK was average, and the boost provided by the demand side for MEK was limited. As of August 7th, the domestic market price of MEK was around 7,600-8,400 RMB/ton.
Market outlook
As of August 7th, the trading atmosphere of MEK on the market was relatively light, and downstream demand was cautious. New orders on the market were commonly traded, and the MEK data analyst at SunSirs believes that in the short term, the domestic MEK market is mainly adjusted and operated within a narrow range overall. The specific trend still needs to pay more attention to changes in supply and demand news.
