SunSirs: This Week, the MEK Market Saw an Upward Trend (June 5-9)

https://www.chemnet.com   Jun 13,2023 SunSirs

　　According to data monitoring by SunSirs, as of June 9, 2023, the domestic market price of MEK was referenced at 7,300 RMB/ton. Compared to June 5, 2023 (reference price of MEK was 6,800 RMB/ton), the price increased by 500 RMB/ton, an increase of 15.83%.

　　Analysis review

　　From the data monitoring chart of SunSirs, it can be seen that this week (6.5-6.9), the domestic MEK market overall showed an upward trend. Entering this week, the MEK market as a whole had experienced a broad upward trend, with the focus of the MEK market constantly moving upwards. The main driving force behind the upward trend of the MEK market came from the support of the raw material side. The rise in the ether carbon four market of the raw material end provided increased cost support for MEK, and the overall market of MEK continued to strengthen with the trend of raw materials. The downstream demand support for MEK was general, and within this week, the improvement in demand was limited, and the overall transaction in the MEK market was cautious. As of June 9th, the domestic market price of MEK was around 7,100-7,800 RMB/ton.

　　Market outlook

　　As of the 9th, the overall trading atmosphere on the market for MEK remained relatively light, with a strong wait-and-see sentiment and average demand side support. SunSirs MEK data analysts believe that the domestic MEK market will mainly adjust and operate in a narrow range.

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