Methyl ethyl ketone（MEK ）prices have been at a low to mid-range level for the past year.
Domestic MEK production capacity is projected to exceed 800,000 tons by 2025. However, due to stricter environmental policies and industry consolidation, some small and medium-sized enterprises face elimination or integration, further increasing industry concentration. Despite the increase in capacity, actual supply may be affected by factors such as enterprise operating rates and capacity utilization.
On the demand side, downstream demand for MEK is diversified, including adhesives, PU slurries, coatings, electronics, inks, dewaxing, and pesticides. The coatings industry is the largest application area for MEK, accounting for over 50% of total consumption. However, recent downstream demand may be affected by macroeconomic conditions, policy guidance, and international trade dynamics, leading to slower growth or fluctuations in demand.
Given the current low to mid-range MEK price and relatively balanced supply and demand, the MEK market price is expected to fluctuate in the short term, with little chance of significant increases or decreases.
