Methyl isobutyl ketone Prices, markets & analysis
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Methyl isobutyl ketone Overview Transcript
MIBK is methyl isobutyl ketone. It is a solvent that is derived from acetone and other chemicals. It goes into a wide range of applications from consumer goods and pesticides, pharmaceuticals to industrial uses such as the production of paints, rubber products and machinery.
Some of the household products containing MIBK include things like surface cleaners, laundry starch, spray paint, shoe polish, varnish and so on.
The big commercial applications would be in the paints and coatings sector so the housing and construction industries and automobile sectors are really quite important to MIBK demand. In the last couple of years, those areas have not been doing so well. So, we consider MIBK to be a fairly mature market
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Methyl isobutyl ketone: Market overview
The US methyl isobutyl ketone (MIBK) market saw propylene-driven increases in January, and a flattening of the market in February and March.
Sources expect MIBK prices to remain flat for most of 2014, as it was in 2013. A spike in propylene could raise prices.
However, indications are that there is enough MIBK in the market to prevent large increases.
Asia’s MIBK prices will move in tandem with prices of feedstock acetone amid a MIBK supply overhang.
Although demand from downstream solvent applications and rubber tyre sectors will increase, this is expected to be balanced by an increase in supply from Chinese producers.
In southeast Asia, a bearish outlook among market participants is likely to dampen buying sentiment.
European MIBK has been affected in the first quarter by tight feedstock markets and high prices. The prices are expected by buyers to remain above €1,500/tonne.
Demand is expected to remain stable, which is likely to lead to prices remaining at fairly high levels.
Trade will be affected by growing logistics costs, which may lead to producers lowering production rates.
Updated to mid-April 2014
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Methyl Isobutyl Ketone Methodology
About Methyl isobutyl ketone
Methyl isobutyl ketone (MIBK) is an excellent solvent for resins used in the production of surface coatings. The main solvent applications are in transportation, refurnishing and marine coatings, construction coatings, wood coatings and metal coatings.
MIBK is also used in rubber chemicals for the production of tyres, as a solvent in the manufacture of pharmaceuticals and adhesives, and for specialised metallurgical extraction.
The two main processes for making MIBK are from acetone condensation and isopropanol (IPA).
MIBK is a colourless liquid with a characteristic ketone odour. It is highly flammable and vapours may travel to the source of ignition and flashback.