I. Key Points
Yesterday, the benchmark price of post-etherification C4 in Shandong was 7,460 yuan/t.
The market edged up yesterday, but trading sentiment was mediocre.
Core logic: Market participants are watching the trading moves of major producers for direction.
II. Price Table
| Product | Region | Sep 9 | Sep 8 | Change |
|---|---|---|---|---|
| Post-etherification C4 | Shandong | 7,460 | 7,320 | +1.91% |
| MEK | East China | 8,600 | 8,250 | +4.24% |
Notes: 1. MEK prices refer to national-standard premium-grade product; post-etherification C4 is the benchmark price for material with 40% olefin content. 2. All listed prices are spot cash, ex-works (self-pickup) prices, in yuan/t. 3. The prices for the two periods are point-in-time prices from the two working weeks preceding this week, not weekly averages. 4. The change rate is the week-on-week percentage change.
III. Market Outlook
The domestic MEK market edged up yesterday. Supported by feedstock costs, producers raised their quotations slightly, and holders actively followed suit, lifting the center of market negotiations. However, downstream end-user demand was only moderate, trading volumes in the market were insufficient, and most concluded deals were for immediate needs only. The MEK market is expected to remain range-bound today; attention should be paid to the trading moves of major producers for market direction.
IV. Data Calendar
| Data Item | Release Date | Previous Period | Expected Trend This Period |
|---|---|---|---|
| MEK plant operating rate | Thursday 17:00 | 75.71% | → |
Notes: 1. ↓↑ indicates large fluctuations, highlighting data dimensions with a change of more than 3%. 2. ↗↘ indicates narrow fluctuations, highlighting data with a change within 3%. 3. → indicates stable.
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