BP Refinery Blast: No change seen in derivative ketone mkts

24 March 2005 22:21  [Source: ICIS news]

HOUSTON (CNI)--US chemical distributor industry sources said Thursday that the BP refinery explosion in Texas City, Texas was unlikely to effect methyl isobutyl ketone (MIBK), and methyl ethyl ketone (MEK).

 

Market insiders said it was too early to predict what impact the Texas accident would have on ketones, other than the fact that it did complicate the markets.

 

Distribution sources said that the 5 cents/pound price increase recently nominated for MIBK and the 2 cents/pound for MEK were likely to be implemented, given healthy market fundamentals. But they noted that those increases were unrelated to the refinery accident.

By: Dayna Owens
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