Methyl ethyl ketone Prices, markets & analysis
ICIS has a network of locally based reporters providing coverage of regional Methyl ethyl ketone markets. They provide not just pricing information, but an in-depth understanding of the factors driving prices and market fluctuations.
Use ICIS information to:
- Develop internal analytical models
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- Optimise deals and negotiations
Methyl ethyl ketone Asia Transcript
ICIS publishes a weekly methyl ethyl ketone (MEK) report in Asia. The report carries two cost and freight (CFR) quotes that track import prices of MEK in northeast Asia (NE Asia) and southeast Asia (SE Asia).
South Korea is the main market in NE Asia, while Indonesia, Malaysia and Thailand are the key SE Asian markets.
The price assessment is based on bulk shipments ranging from 200 to 500 tonnes in southeast Asia and 500 to 1000 tonnes in South Korea.
Details of bids, offers and transactions are outlined in the commentary after excessive contact with producers, traders and distributors active in the market.
We also track Chinese domestic prices which have a strong bearing on China’s monthly exports. The Chinese are mostly spot sellers and they are quick to cut exports if the domestic market is more lucrative.
Given the importance of supply site information, the latest market intelligence on planned shutdowns is provided.
ICIS has covered the Asian MEK market for over 15 years and our reports are essential to our customers as it provides accurate and trustworthy information which is crucial to make key business decisions.
Methyl ethyl ketone news and market information products from ICIS
We offer the following regional Methyl ethyl ketone coverage to keep you informed of factors and developments affecting prices in the Asia Methyl ethyl ketone marketplace.
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News & Analysis - News & market analysis specifically relating to Methyl ethyl ketone
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Insight and analysis of factors driving prices.
Updated to Q3 2015
Methyl ethyl ketone (MEK) spot prices in northeast Asia and southeast Asia largely on a downtrend in Q3. This was in line with the seasonal lull, where the summer and monsoon lulls across the regions impact the production and the downstream sectors of paint and coating.
However, prices plunged to a six-year low this quarter as they were pressured by the volatilities in the naphtha prices amid weak macroeconomic performances. Due to the Middle East Respiratory Syndrome (MERS) outbreak, major market south Korea, suffered a dip in its economic growth and projections, which were reflected in the MEK trades. Meanwhile, the currency against the US dollar saw historical weakening across China and southeast Asia, which led to lowered purchasing power.
The slowdown in the Chinese economy resulted in a long supply of domestic cargoes, which producers and distributors attempted to offload at low prices in the export markets. As such, prices plunged in northeast Asia and southeast Asia amid bearish demand and ample supply.
MEK spot prices fell from $980-990/tonne CFR NE Asia in early July to $730-780/tonne CFR NE Asia by late September.
In southeast Asia, prices slid from $1,020-1,040/tonne CFR SE Asia in early July to $770-820/tonne CFR SE Asia by late September.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Methyl ethyl ketone.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Methyl ethyl ketone. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Methyl ethyl ketone, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.