I. Price Trends According to data monitoring by Business Society, as of March 11th, based on quotes from several sample companies, the current ex-factory price of methyl ethyl ketone (MEK) in the domestic market is around 7300-7800 yuan/ton.

II. Market Analysis Product: Since 2020, the MEK market has been sluggish, with prices plummeting from a high of 9200 yuan/ton to around 7500 yuan/ton, briefly falling below 7300 yuan/ton. Entering March, domestic consumption of MEK continues to recover slowly, with most MEK being consumed through export. Factory inventories have been temporarily alleviated, leading to a slight increase in MEK prices, mainly due to traders maintaining prices. The overall market remains oversupplied, with low downstream resumption rates and still weak demand. Recent fluctuations in crude oil prices have intensified downstream purchasing sentiment, with a focus on maintaining stable prices. Currently, the methyl ethyl ketone (MEK) market in Jiangsu Province is operating steadily, with factory quotations ranging from 7400-7500 yuan/ton, and some slightly higher at around 7600 yuan/ton. Market transactions tend to favor lower-end prices, and overall inquiry and purchasing activity is weak. The MEK market in Ningbo is also stable, with sluggish trading. Factory ex-factory prices are around 7500-7600 yuan/ton, while market negotiations are around 7350-7450 yuan/ton. The Ningbo market is currently largely in a wait-and-see mode, with holders maintaining stable offers. End-user purchases have decreased, and actual transactions are few, with most favoring lower-end prices. The MEK market in South China is also stable, with some traders maintaining stable offers, mainly in the range of 7650-7800 yuan/ton. Actual transactions are few, and suppliers are mainly maintaining stable prices.

Industry Chain: After four consecutive days of price increases starting early last week, the LPG market began to decline this week. The average LPG price was 3650 yuan/ton on March 2nd, and 3766.67 yuan/ton on March 6th, representing a 3.2% increase. On March 10th, the average LPG price was 3483 yuan/ton, a decrease of approximately 284 yuan/ton compared to March 6th (3766.67 yuan/ton). Currently, the mainstream LPG price in Shandong is around 3250-3700 yuan/ton, with normal market transactions. In North China, LPG prices have decreased, with the mainstream price around 3500-3650 yuan/ton, and normal market transactions.

Industry: According to data from Business Society, on March 11, 2020, among the 58 commodities listed in the price change ranking, 17 commodities saw a month-on-month increase, concentrated in the steel sector (5 commodities) and the non-ferrous metals sector (5 commodities). Commodities with price increases exceeding 5% were mainly concentrated in the energy sector. The top three commodities with the largest price increases were WTI crude oil (10.38%), soybeans (2.23%), and zinc (1.56%). 21 commodities saw a month-on-month decrease, concentrated in the energy sector (7 commodities) and building materials sector (3 commodities). The top three commodities with the largest price decreases were coking coal (-3.01%), fuel oil (-2.44%), and methanol (-2.32%). The average daily price change was 0.14%.

III. Market Outlook According to data analysis from Business Society, the sharp drop in crude oil prices has led to a wait-and-see attitude among industry players, with limited follow-up demand from end users. It is expected that the methyl ethyl ketone (MEK) market will mainly consolidate in the near term, with the possibility of a slight decline.