January US MIBK price talks firm toward increase

14 January 2011 23:05  [Source: ICIS news]

HOUSTON (ICIS)--US January methyl isobutyl ketone (MIBK) contracts continued to firm toward an increase of at least 5 cents/lb ($110/tonne, €83/tonne) on feedstock momentum, sources said on Friday.

Although most sources anticipated gains of 5 cents/lb, one producer said it already had achieved an increase of 8 cents/lb from its customers.

Stronger propylene, isopropanol and acetone values underpinned pricing efforts.

Feedstock refinery grade propylene (RGP) for January traded at 71.625-72.000 cents/lb during the week, at the high end of deals done at 68.000-72.000 cents/lb a week earlier, sources said.

Ispopropanol (IPA) rose by 5 cents/lb on pressure from chemical-grade propylene (CGP), and truck acetone producers were still aiming for gains of plus 10 cents/lb for January.

Current MIBK prices were 102-103 cents/lb as assessed by ICIS.

US MIBK suppliers include Dow Chemical, Sasol, Eastman, Celanese and Haltermann. 

($1 = €0.75)

For more on MIBK, visit ICIS chemical intelligence
To discuss issues facing the chemical industry, go to ICIS connect


By: Larry Terry
1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index