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
April supply is likely to stay strong, with all plants likely to retain full run rates. China’s PetroChina Jilin will embark on a 68-day turnaround starting May. Outside of Asia, there was no further update when US-based Celanese will lift its force majeure despite it resuming production.
Traditionally, MIBK enjoys a peak in demand in Q2, on the back of conducive weather for production and downstream consumption. In addition, end-use automobile performance has picked up since its mega plunge in 2020, after COVID-19 surfaced. The demand for Asia-origin cargoes may remain firm, as there was no further update when US-based Celanese will lift its force majeure despite it resuming production.
The market in the first quarter of 2021 saw the severe tightness in Q4 turn into an extreme shortage on a lack of feedstocks. Imports were reduced and domestic production kept to very low rates as other competing derivatives were also prioritised over MIBK. The cold spell in the US added worsened the situation as the outages on acetone production impacted Latin American supplies.
Demand kept to above-par averages on stronger offtake from the automotive sector, as well as continued robust activity in the construction sector. Pharmaceutical offtake is said to have been stable, but paints and coatings demand may have been slightly better in Q1 than Q4 last 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.