Methyl isobutyl ketone US Transcript
There are two price ranges in the weekly ICIS report on US Gulf methyl isobutyl ketone (MIBK). The first is the contract price which is settled between major buyers and sellers every month. That range is for product delivered east of the Rocky Mountains, and the range does not always move if the major market participants agree conditions are still stable.
The other range is the spot price which is assessed on an ex-tank basis, and can move around from week to week.
On top of the input we get from buyers, sellers and traders, we also look at other factors in the market like what’s going on with the feedstocks for MIBK and what is happening in the end use sectors as well.
Another important factor in the big picture is what’s going on with production. Because there are relatively few production assets for MIBK, in our region, a plant turn around or unplanned outage can really shake up the supply situation. So week keep tabs on all these developments and include that news the weekly report.
The ICIS report is a great help because it gives buyers and sellers a credible view of where prices are and it lifts the lid on things that are going on in the market and gives players solid reasons for any price movements.
That kind of comprehensive information gives subscribers confidence as they move ahead with their own decisions.