Producers said demand is strong and quoted prices as high as €1,520/tonne free delivered (FD) northwest Europe (NWE).
Prices above €1,500/tonne FD NWE, however, could not be widely confirmed in the market.
“Demand from the paint sector is strong and will [continue to] increase,” a producer said.
“Acetone moved up [recently] but demand is more of a driver right now.”
A trader said availability is being reduced but believes acetone is the principal reason for the upward swing in MIBK prices.
The spot price range now stands at €1,450-1500/tonne FD NWE.