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Methyl ethyl ketone Europe Transcript
The European methyl ethyl ketone (MEK) report is published weekly on Fridays. Now, we talk to all the producers, buyers, traders. It is a distribution led market, but that doesn't limit the number of sources we talk to because we feel it is important to get a range of views from across the market so that we really have a holistic picture.
We think that it is important to our subscribers as well, so they know that the knowledge that we have and the information we put into the report is both timely and accurate and goes to a deep level. It means that we can investigate the niche corners of the market and really get a whole picture for what is going on and why.
Methyl ethyl ketone news and market information products from ICIS
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Updated to Q4 2016
European methyl ethyl ketone (MEK) spot prices fell in the first two months of quarter four 2016 due to a structurally balanced-to-long market and the lack of any factors to put a floor underneath prices.
Since the beginning of 2016, MEK prices have trended downwards due in part to a higher level of import volumes leading to a longer market. Low oil price levels have also contributed to weaker feedstock pricing for MEK and this has prevented producers from achieving any price increases.
However, this trend may have reversed itself slightly with prices seeing a small bounce at the beginning of December on the back of the recent OPEC agreement to limit oil production.
This contributed to higher naphtha prices and triggered some increased demand due to the expectation that MEK prices are likely to increase. This partially countering the typical drop in business activity which normally occurs from the second half of November onwards.
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.