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Home Commodities Chemicals Methyl-ethyl-ketone Methyl ethyl ketone prices, markets & analysis

Methyl ethyl ketone prices, markets & analysis

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The Methyl ethyl ketone (MEK) markets are covered by ICIS on a weekly basis in Asia, Europe and the US. These benchmark assessments, used widely by industry, are key to keeping you fully informed of market developments.

Prices are predominantly for the spot market, though domestic and regional quotes also appear. Our locally-based reporters give informed but unbiased commentary on market overviews, upstream and downstream movements, economic news, graphs and plant shutdowns/operating rates, when applicable.

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Market Overview

Updated to Q4 2020

Asia

Supply was a little tight on the Chinese side, as producers kept low inventories and also scaled back production during the winter period on limited feedstock. An ongoing maintenance at a Japanese plant until late Q4 and production issues at another major Japanese plant also supported the tight situation. On the flip side, most importers did not feel tightness in their local markets, blaming it on slow demand due to the pandemic.

Market players deemed demand to be mostly steady, with some pockets of slowness. However, as importers were still regularly booking new orders/shipments, the market was quite stable. Some importers had to look to China for extra cargoes as their regular supplier could not fulfil new orders due to feedstock issues. This situation was easily solved. Some markets like Vietnam, Thailand and South Korea saw a slight revival as downstream plants restocked on new end-use orders.

Europe

Supply tightened in Q4 on two production hiccups, which followed each other in October and November. Imports from China were slower to arrive, keeping supply snug while exports remained steady. Imports from other regions have continued coming in.

Demand was pronouncedly firmer in Q4 on a pick-up in the automotive and furniture sectors. However, some applications such as printing inks for outlets in the entertainment industry have not recovered from the pandemic. The food packaging sector has garnered momentum since Q2. Industrial uses such as cleaning solvents picked up in H2 2020.

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Facilitate your purchases in China with newly added FOB China quote in the Asia MEK pricing report

Get greater visibility on China’s MEK market so you can react quickly to the changing trends and properly plan your next purchase or move. Find out more

How we can help

Methyl ethyl ketone news and market information products from ICIS

We offer the following regional Methyl ethyl ketone analysis and news coverage to keep you informed of factors and developments affecting prices in the Methyl ethyl ketone marketplace.

Price reporting

  • More information about the price reports we publish on Methyl ethyl ketone
    Independent price assessments and market coverage by region

    • Asia
    • Europe
    • US

Price history

  • More information about the historical price data we publish on Methyl ethyl ketone
    Track historical price data

    • Asia
    • Europe
    • US

News & analysis

  • News & market analysis specifically relating to Methyl ethyl ketone
    Breaking news of latest developments affecting the markets.Insight and analysis of factors driving prices.
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Services

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Pricing Intelligence

Pricing information

Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:

  • Spot and contract price assessments
  • Market commentary on trends and developments
  • Transactions reported and confirmed
  • Plant and production news

Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.

  • Find out more about ICIS pricing reports >>

Price forecast services

Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.

  • Find out more about ICIS chemicals forecast reports >>

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Dashboard – Easy access to ICIS pricing data

ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.

ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.

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Margin reports

ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.

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Supply and Demand Window on ICIS Dashboard

The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.

Find out more about the ICIS Supply and Demand Window

Industry News

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24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.

  • Find out more about ICIS news service >>

ICIS Chemical Business magazine

If you want to keep updated on the factors driving price movements in the global chemical markets, ICIS Chemical Business provides a summary of the information you need to support your business decisions. Every week, our global team of experts digests and summarises the key issues and their potential impact on the market – all in one magazine.

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Analytics

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An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.

  • Find out more about the ICIS supply and demand database >>

Training and Conferences

Training courses

ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.

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ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.

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Consulting

Global markets

Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.

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China markets

ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.

  • Find out more about ICIS consulting expertise in China >>

Methodology

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.

Methyl Ethyl Ketone Methodology

The main application for methyl-ethyl ketone (MEK) is as a low-boiling solvent for nitrocellulose, acrylic and vinyl surface coatings.

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About Methyl ethyl ketone

Methyl ethyl ketone (MEK) is a colourless, mobile, flammable liquid with an acetone like odour. It is soluble in ethyl alcohol, benzene, ether and acetone, and miscible with oils. It is also a fast-evaporating active solvent with an evaporation rate similar to ethyl acetate.

The main application for MEK is as a low-boiling solvent for nitrocellulose, acrylic and vinyl surface coatings. Around half of global MEK demand is derived from the paints and coatings industry. Its advantage is that low viscosity solutions can be obtained, having a high solids content, without affecting the film properties. These lacquers are used in the automotive, electrical goods and furniture industries.

MEK can also be used in rubber-based industrial cements and printing inks. Its fast evaporation rate makes it popular for rubber-based industrial cements, low-temperature bonding agents and as an azeotropic separation solvent for printing inks. It is also a component of the solvent system used in producing magnetic tape.

MEK is also a solvent required for the polymerisation processing of polystyrene, acrylonitrile-butadiene-styrene (ABS), and styrene-butadiene-rubber (SBR).

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