US February MEK weakens by 4 cents/lb on soft conditions

22 February 2013 21:59  [Source: ICIS news]

HOUSTON (ICIS)--US February methyl ethyl ketone (MEK) contract values weakened by 4 cents/lb ($88/tonne, €67/tonne) on continuing soft demand and ample supply.

The declines came earlier in the month, but several buyers anticipated further slippage that never came.

The drop takes the current MEK contract to a new range of 81-82 cents/lb from a previous range of 85-86 cents/lb, as assessed by ICIS.

December and January MEK contract values previously settled at rollovers.

Among feedstock, butane at Mont Belvieu, Texas, was in a range of 155.50-156.50 cents/gal, down from a narrow range of 164.25-164.75 cents/gal nearly a week earlier.

US February ethylene was offered up at 63 cents/lb, higher than a March deal done at 62 cents/lb a day earlier against a 60.75 cent/lb bid.

($1 = €0.76)

For more on MEK, visit the ICIS Plants & Projects database

By: Larry Terry
1 713 525 2653

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