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 Q3 2019
Asia MIBK supply was constant in Q3. Japan’s Mitsui Chemicals started a turnaround towards the end of the quarter. There were intermittent and short turnarounds, and reduced run rates, as feedstock domestic acetone prices soared to a 10-year high. On the other hand, Yantai Wanhua has started its 15,000 line, and Kellin’s start-up was debatable. There are two other operationally-ready plants in China with no definite timeline to start because of the recent environmental checks.
Summer heat typically impedes MIBK production and downstream rubber tyre and marine painting demand. Increasingly stringent environmental checks conducted by government bodies at downstream factories caused demand to dip further. Persistent slides in domestic Chinese currency against the US dollar due to the China-US trade war clipped importers’ purchasing power. Though prices increased towards the second half of the quarter, the bolster came from soaring feedstock acetone prices and not actual buying activities.
Supply has been abundant this quarter with not enough demand to absorb new product arriving on the market. Some product ordered pre-Brexit in Q1 was heard being liquidated still in Q3. All producers were producing at normal rates and distributors have been reluctant to restock on bleak economic forecasts boding ill for demand downstream.
Demand was deemed much under par throughout the quarter with August being extremely quiet. September finished on a week of heightened activity but the momentum has not yet followed through and the month went on a dearth of activity atypical of this time of year.
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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