For clear insight into regional Methyl isobutyl 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 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.
Methyl isobutyl ketone news and market information products from ICIS
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Updated to Q2 2014
As the second quarter comes to an end, the US methyl isobutyl ketone (MIBK) market remains quiet. Prices have remained stable for the last three months, and demand has been flat.
MIBK prices have been flat since February, when contract prices went up 7 cents/lb. That increase was driven by higher propylene costs. Since then, propylene prices have decreased. MIBK prices were expected to go down, but they have not done so.
Imports and exports of MIBK have remained fairly steady during the quarter. The dominant MIBK supplier to the US remains South Africa, followed by Brazil.
Meanwhile, demand for butyl acetate (butac) remained strong for the quarter. Butac is often used as a substitute for MIBK. Both butac and MIBK are used in the paints and coatings sector, and demand is tied to warmer weather and the US construction sector.
Sources expect MIBK demand to remain flat. MIBK is too expensive to use when butac is a cheaper option, sources have said.
In terms of MIBK prices, sources have said in recent weeks that they expect a market correction, and that MIBK could go down a few cents.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Methyl isobutyl 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 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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