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 2021
Although a major Taiwanese producer had a turnaround in May, this was more than offset by higher production rates in the much larger Chinese markets. The Asian market did not suffer from any lack in supply, although some northeast Asian producers targeted buyers outside Asia in search of higher margins. Chinese sellers also reported less demand from southeast Asian buyers and focused on domestic sales instead.
Southeast Asian and Indian demand weakened from surging COVID-19 infections and the resulting restrictions and lockdowns imposed, leading to fewer spot purchases. At the same time, spot prices were slightly firmer quarter on quarter, hence buyers had no incentive to stock up and chose to maintain lean inventories. In domestic China, demand was relatively healthy compared with overseas and producers noted slower sales for the latter despite softer offers compared with domestic levels.
Supply was restricted in Q2, following reduced production at Nouryon’s plant as the company sought to balance output at different chloromethanes. Overall global availability also fell as a result of higher transport costs due to a shortage of shipping containers. Strong demand for chlorine derivatives and other chloromethanes forced producers to reduce output for MEC in some cases.
Demand increased significantly as downstream industries recovered and the market returned to normal following the coronavirus pandemic. Demand was reduced in 2020 due to lower activity in industrial applications such as adhesives, metal cleaning and paint removal. Consumption increased in the first half of 2021 as restrictions were lifted and Europe adjusted to the new situation, with construction and automotive activity recovering strongly.
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.