13 February 2010 00:14 [Source: ICIS news]
HOUSTON (ICIS news)--US methyl ethyl ketone (MEK) contract prices rose by 5 cents/lb ($110/tonne, €80/tonne), effective on 1 February, largely on raw material supply constraints, sources said on Friday.
Although restarts have been underway, LyondellBasell declared force majeure (FM) on its ethylene, citing supply restrictions and setting allocations at 87% for February.
Further pressuring MEK pricing were winter storms in the northeast, which delayed shipments from the east coast by 1-2 days, some buyers said.
US MEK suppliers include ExxonMobil, Shell and Sasol.
($1 = €0.73)
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