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 Q4 2019
Methyl isobutyl ketone (MIBK) supply in Q4 was reduced on the back of lowered run rates and turnarounds. Japan’s Mitsui Chemicals, one line at South Korea’s Kumho P&B and China’s Dongying Yimeide were shut indefinitely. China’s Jilin Petrochemical and Ningbo Zhenyang reduced their run rates. The production cuts occurred due to poor margins.
MIBK demand in Q4 was subdued, as cooler weather during the quarter typically curbs downstream marine painting and rubber tyre production. Due to plunging prices for feedstock acetone, its chain of derivatives, including MIBK, underperformed. This rendered little confidence in players to trade MIBK, resulting in lacklustre trading volumes, particularly for imports, which have been subdued by the anti-dumping duties (ADDs) imposed last year.
The supply of methy isobutyl ketone (MIBK) was abundant in the fourth quarter with length building following poor demand for spot business on the European continent. Imports also struggled to find a home but continued to arrive. Production levels were unchanged and there were no known outages.
European demand slowed in the fourth quarter. The main outlet for MIBK is the automotive sector which is usually quieter in the final quarter. Some distributors were eliminated from certain distribution networks as the lack of demand resulted in few clear instructions. As a result, producers stuck to contracted volumes and went straight to their end users in order to preserve margins.
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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