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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.
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