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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 2016
European methyl ethyl ketone (MEK) prices trended downwards in the first quarter as a result of soft demand, good availability and downward feedstock price movement.
Prices have been strongly impacted by the weak crude market, due to oversupply, which has also filtered down into MEK feedstocks like naphtha.
This has had some knock-on effects on demand due to the expectation throughout most of the quarter that feedstocks would continue to drop, which encouraged buyers to delay purchasing MEK and buy material hand-to-mouth.
Macroeconomic uncertainty has also reduced activity in downstream industries, which has contributed to weak demand.
Availability improved in January due to production ramping up at INEOS and Shell following shutdowns towards the end of 2015. Material has also been plentifully available from European producers during the rest of the quarter.
Although spot prices are still well above their 10-year low point in 2009, in March they fell below their previous five-year low point of late 2015.
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.