Methyl ethyl ketone Prices, markets & analysis
For clear insight into regional Methyl ethyl ketone markets, you need in-depth price reports direct from those regions.
That’s why ICIS maintains a network of locally based reporters, providing not just price assessments but market commentary and analysis.
There’s no better way to stay up-to-speed with all the latest information that can make a difference to your business.
Use ICIS information to:
- Follow fluctuations and understand factors driving them
- Input into your own internal analytical models
- Clarify settlements and contracts
- Inform negotiations
Methyl ethyl ketone US Transcript
The weekly ICIS report on the US Gulf (USG) market for methyl ethyl ketone (MEK) includes a range for delivered price and domestic market east of the Rocky Mountains. That range usually moves every month or so, but changes can happen more often if market conditions are volatile.
The report also has two ranges for spot prices, one for free on board (FOB) exports and one for FOB ex-tank sales.
The spot prices usually move more often than the domestic price and the report tracks these movements on a week by week basis. To determine what the ranges are, we contact buyers, sellers and traders to get their input on current pricing, and also take into account a broad look at all the factors influencing the market.
This means the report includes news on developments in the upstream markets and the big picture of what is going on in the end use sectors.
A very important part of the report is what is going on with production, because plant shutdowns can have an immediate and significant impact on the pricing as supply tightens up.
We also track developments in MEK trade flows to keep tabs on that side of the supply situation. It is an excellent report for delivering price transparency and explaining the reasons behind how prices are behaving.
Subscribers really need to know the dynamics of the market to be able to make their own decisions on buying and selling and this report gives them the information they need.
Methyl ethyl ketone news and market information products from ICIS
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The US methyl ethyl ketone (MEK) market has been up and down August-November. A global tightening of supply due to a production outage in Europe led US spot prices to increase 3 cents/lb ($66/tonne) during September.
Before that, overall MEK prices had been flat since May of 2013. Many in the US market described the market as balanced, as there was enough supply to meet demand.
A tightening of supply in early fall led to price increase nominations by Sasol and ExxonMobil. Sentiment in the market was that those nominations were not warranted. However, they did find buyers in the US market.
The main application for MEK is as a low-boiling solvent for nitrocellulose, acrylic and vinyl surface coatings. About 63% of global MEK demand is derived from the paints and coatings industry. Its advantage is that low-viscosity solutions can be obtained, having a high solids content, without affecting the film properties. The lacquers are used in the automotive, electrical goods and furniture industries.
MEK can also be used in rubber-based industrial cements and printing inks.
Updated to mid-November 2013
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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