Methyl ethyl ketone price fluctuations have narrowed recently, with the market remaining stagnant at a low level. The average capacity utilization rate for methyl ethyl ketone manufacturers reached 63.53%, gradually easing supply pressure.
Affected by insufficient global economic growth and the sluggish domestic end-use industries for methyl ethyl ketone (such as coatings and adhesives), downstream demand has been persistently weak, and a lackluster peak season has become the norm. Foreign trade was strong in the first half of 2024, but in the second half, with a decline in foreign demand and the filling of supply gaps in Southeast Asia, foreign trade demand weakened significantly, reducing its support for the domestic methyl ethyl ketone market. Supply and demand remain the primary factors influencing price fluctuations, and narrow fluctuations at low levels will remain the prevailing trend.
