Following a mid-April surge, Methyl Ethyl ketone (MEK) prices in China&#xx;s domestic market have continued to climb, driven by increased downstream demand, rising upstream crude oil prices, and internal supply chain disruptions. The expansion of China&#xx;s economy, fueled by export growth, has notably heightened the demand for petrochemicals like MEK. This surge coincided with a significant uptick in demand for paint and coating downstream, especially in the construction sector, buoyed by escalating home prices. Moreover, there are signs of a gradual recovery in the purchasing power of downstream products, supported by increased cost backing from energy prices. Crude oil prices have maintained a steady upward trajectory, influenced by positive demand signals from the US and escalating geopolitical tensions in the Middle East, exacerbating supply concerns.
The recent uptick in China&#xx;s exports, growing by x.xx year-on-year in April xxxx, has positively impacted the domestic MEK market, signaling a...
