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)
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