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Methyl isobutyl ketone Europe Transcript
The European methyl isobutyl ketone or MIBK report is a weekly report covering spot prices.
We talk to a wide variety of producers, buyers and distributers, to ensure the timeliness and accuracy of our information.
With Asian, US and European reports, we have global coverage of the MIBK market, and strong communication between the editors in the various regions mean that we always know the worldwide picture.
That’s particularly important for a product such as MIBK where there’s strong imports and exports, particularly with Asia which have a big influence on the European pricing.
The ICIS report is beneficial to our customers because it’s reliable and regular, keeps people abreast of current market conditions, and allows them to make key business decisions based on our pricing information.
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Updated to Q3 2016
European methyl isobutyl ketone (MIBK) prices were somewhat firm in Q3, on the back of rising feedstock price trends, although market demand remained relatively quiet.
Spot prices rose by a total of 6% over the whole quarter, after being mostly stable in Q2.
The first price movement was in mid-July, when prices were belatedly adjusted upwards to account for the movement of feedstock acetone and propylene prices from April onwards.
Prices also rose from late August to early September due to the continuation of the firm trend in feedstock markets.
Neverthless, price increases in MIBK have failed to keep pace with the upstream acetone increase in Q3, with the spread between the two products widening between July and September.
MIBK demand has been relatively quiet in 2016 due in part to structural factors. The majority of business has been done on the contract market, which is likely to have accounted for the failure of prices to keep pace with feedstocks.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Methyl isobutyl ketone.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
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 isobutyl 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.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
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 isobutyl 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.