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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 Q3 2016
European methyl ethyl ketone (MEK) prices fell slightly in Q3, with the downward trend seen in Q2-early Q3 tapering off in the second half of the third quarter.
Overall prices fell by almost 6% from July to late September on the back of low demand in the market combined with plunging feedstock prices in July.
Availability has also been good from the majority of European producers during this time period, with additional sources from overseas coming into the market and increasing potential volumes available.
Nevertheless, there were signs of firming at the end of the quarter, with MEK seeing its first spot price increase since late 2015 at the beginning of September, and then rolling over in subsequent weeks.
This was attributed to European producers separately attempting to increase prices to account for higher feedstock costs, combined with producer INEOS carrying out a planned MEK shutdown in September.
However, future price movements are likely to be strongly influenced by crude oil movements, with volatility high ahead of the OPEC meeting in Doha scheduled for late September.
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.
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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.
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