ChemPriceHub Highlight: Asian Dimethyl Ether Prices Down by $23

On Monday (December 29), the Asian Methyl Ethyl Ketone (MMEQ) market closed down by $23/ton: the January FOB Korea closing price was $715-$717 per ton; the January CFR China closing price was $721 per ton. PriceSeek analyzed the mixed MMEQ, giving a short rating of -1.5. The article shows that the spot prices of mixed MMEQ in Asia have decreased by $23/ton, with the January FOB Korea closing at $715-$717 per ton and the CFR China at $721 per ton, indicating oversupply or weak demand, which is bearish for the spot market. Combining futures data, the main contract for PX, such as the 2605 closing at $7296 per ton, fell by $150, and multiple contracts generally declined (such as the 2603 contract dropping by $168), with active trading volume (such as the 2605 contract trading 154,746 hands), and changes in holdings showing some capital outflow, reflecting an intensification of bearish sentiment in the market, further bearish impact on futures prices. Considering both the decline in spot prices and the overall downturn in futures, the score is -1.5, indicating a strong bearish impact.