Methyl ethyl ketone Prices, markets & analysis
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Methyl ethyl ketone Europe Transcript
The European methyl ethyl ketone (MEK) report is published weekly on Fridays. Now, we talk to all the producers, buyers, traders. It is a distribution led market, but that doesn't limit the number of sources we talk to because we feel it is important to get a range of views from across the market so that we really have a holistic picture.
We think that it is important to our subscribers as well, so they know that the knowledge that we have and the information we put into the report is both timely and accurate and goes to a deep level. It means that we can investigate the niche corners of the market and really get a whole picture for what is going on and why.
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Updated to Q1 2015
Methyl ethyl ketone (MEK) spot prices fell steadily in the first quarter as the market returned to normal following some availability problems in Q4 2014.
Chemical major Shell was said to have declared force majeure for MEK from the beginning of Q4, although the company has stated that it does not comment on production status. Another producer was also said to have limited availability in Europe during this time period. That low availability led to a price spike in October 2014.
However, a combination of imports from Asia and America and steadily increasing production at Shell have gradually restored balance to the market, and prices dropped rapidly, by around €100-200/tonne in January, before continuing to fall more slowly in February and March. Demand is said to be average-to-poor, which has contributed to the decrease.
Spot prices were €1,280-1,330/tonne FD (free delivered) NWE northwest Europe (NWE) in the week ending 27 March, compared with €1,850-2,050/tonne on 6 January.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Methyl ethyl ketone.
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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.
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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.