December 29th News
On December 29th, Wuhan Xinghengsheng quoted the price of methyl ethyl ketone (MEK) at 6,450 yuan per ton, marking a decrease of 50 yuan per ton.
Chempricehub Analysis of MEK:
Bull-Bear Score: -1
Wuhan Xinghengsheng’s MEK product price has been lowered by 50 yuan per ton to 6,450 yuan per ton, reflecting an oversupply or weak demand in the spot market, leading to a price decline. This price reduction signal indicates increased short-term market pressure, exerting a generally bearish impact on MEK spot prices, which may stem from rising inventories or weakened downstream procurement.