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
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By: Larry Terry
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