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Updated to Q1 2017
European methyl ethyl ketone (MEK) spot prices rose by more than 50% in the first quarter due to a tight market combined with producers attempting to recover margins.
Margins for MEK were very low for most of 2016 due to weak demand combined with robust feedstock prices. As a result, European producers had a strong incentive to push for higher prices rather than market share in early 2017.
Producers’ efforts to increase prices has benefitted from a combination of factors including higher feedstock naphtha prices, strong demand due to healthy European economic data and reduced production in Europe.
Sources said at least one producer has suffered from low availability, either for technical reasons or due to higher exports during most of the quarter, which has further limited MEK supply in Europe.
In addition, strong overseas demand in the early part of the quarter, particularly from the US, combined with stronger than expected December sales have left European producers with limited stocks.
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.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Methyl ethyl ketone. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
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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.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Methyl ethyl ketone, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.