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Updated to Q1 2017
European methyl isobutyl ketone (MIBK) prices were significantly higher in the first quarter due to a tighter domestic market.
Sources say at least one European producer had reduced availability throughout the quarter and shipments from overseas were delayed. This significantly reduced availability for buyers and pushed up pricing levels. Feedstock acetone prices also rose in the first three months of the year, increasing by more than 13% since the end of December.
Despite the spike in prices, demand remained flat, due in part to the structural quietness of the MIBK spot market.
Going forward, the MIBK market will remain vulnerable to supply shocks due to the limited number of European producers currently selling material. This is likely to lead to a volatile situation in 2017.
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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