MEK settles flat for September on soft fundamentals

20 September 2012 23:58  [Source: ICIS news]

HOUSTON (ICIS)--US methyl ethyl ketone (MEK) contract prices settled at rollovers for September on flat market conditions, sources said on Thursday.

No price reductions or price-hike initiatives surfaced during the month, and supply and demand were essentially balanced amid a soft market.

The rollover holds MEK contract prices in a range of 87-89 cents/lb ($1,918-1,962/tonne, €1,477-1,511/tonne), as assessed by ICIS.

Among feedstock, ethylene contracts for August recently rose by 4 cents/lb to 46 cents/lb, following a jump in spot prices and slightly higher production costs.

US MEK suppliers include Shell Chemicals, ExxonMobil and Sasol.

($1 = €0.77)

By: Larry Terry
1 713 525 2653

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