ICIS publishes Methyl isobutyl ketone (MIBK) reports weekly in Asia, Europe and the US. News and analysis puts the market in focus and keeps you up-to-date in order to make vital commercial decisions.
The price assessments cover spot in all regions, with contract prices in the US only. Our detailed commentary gives you an unbiased overview of market movements, including regional news, import/export information, upstream/downstream news, graphs and economic impacts.
Updated to Q2 2019
Supply increased as Chinese domestic producer Yantai Wanhua started up its 15,000 tonne/year methyl isobutyl ketone (MIBK) plant. Kellin Chemicals was heard to have started up its plant as well, although this could not be verified. Supply was abundant despite Mitsubishi Chemicals’ plant turnaround.
MIBK demand slowed, alongside feedstock acetone and its chain of solvent derivatives. The record-low price levels seen for feedstock acetone impacted buying activities in the MIBK sector, despite the quarter being a typical peak season amid conducive weather for production and downstream usage. Sentiment was hit by the ongoing China-US trade war, affecting downstream rubber tyre and marine coating and painting industries. Southeast Asian demand was affected by the slew of elections in the region.
The supply of MIBK lengthened slightly in the second quarter as imports from China and Latin America were seen on a more regular basis and as production in Europe was uninterrupted. The strike at Shell Pernis and Mordijk in May did not bear any consequences on availability. The de-stocking activity in northern Europe due to the adjourned Brexit deadline, together with length in feedstock acetone and good availability of propylene have also contributed to wider availability.
The second quarter saw the back of the peak season as orders for the solvent came in earlier than usual this year. April was extremely quiet amid a slew of holidays. May saw a small pick-up of trade, followed by a renewed lull in June. Demand was below par largely because of the poorly performing automotive sector and a heightened caution from buyers in the face of bleak economic forecasts and uncertainty on the US-China trade war outcome.
We offer the following regional Methyl isobutyl ketone analysis and news coverage to keep you informed of factors and developments affecting prices in the Methyl isobutyl ketone marketplace.
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Methyl isobutyl ketone (MIBK) is a stable colourless liquid with a pleasant mild odour. It is both a medium boiling and medium evaporating solvent.
Methyl isobutyl ketone (MIBK) is an excellent solvent for resins used in the production of surface coatings. The main solvent applications are in transportation, refurnishing and marine coatings, construction coatings, wood coatings and metal coatings.
MIBK is also used in rubber chemicals for the production of tyres, as a solvent in the manufacture of pharmaceuticals and adhesives, and for specialised metallurgical extraction.
The two main processes for making MIBK are from acetone condensation and isopropanol (IPA).
MIBK is a colourless liquid with a characteristic ketone odour. It is highly flammable and vapours may travel to the source of ignition and flashback.
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