21 February 2014 23:59 [Source: ICIS news]
LONDON(ICIS)--European methyl ethyl ketone (MEK) prices are maintaining their downward trajectory as availability continues to improve, market sources said on Friday.
Market players believe recent prices to be artificially inflated after a spike in October 2013 due to Sasol declaring force majeure on its 65,000 tonne/year plant in Moers, Germany in September.
Mixed views were expressed about demand levels.
“Prices are coming down [but] there is good demand, especially for exports,” a producer said. “Domestic demand is also good but availability [also] continues to improve.”
A trader and a buyer, on the other hand, said the market has been quiet with demand being slow.
“Producers want to raise prices but it will go down step by step,” the buyer said.
Prices were assessed at €1,250-1,340/tonne FD (free delivered) NWE (northwest Europe).
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