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 Q1 2019
There were no scheduled turnarounds, though Shandong Yimeide was heard to have a turnaround in March. The plant capacity was 15,000 tonnes/year. Meanwhile, import supply burgeoned with the availability of deep-sea cargoes. However, most importers refrained from these US cargoes due to the 10% additional duty imposed for the US-China trade war. The supply continued to overweigh the demand, given that the downstream procurement was less than expected after the Lunar New holiday in mid-February.
China’s spot methyl isobutylene ketone (MIBK) prices were largely stable from January to mid-March, before they embarked on a downtrend. Spot import trades had been subdued since the introduction of the anti-dumping duty (ADD) in March 2018. After the ADD has been imposed, most importers found import offers to be unworkable. Buyers turned to domestic goods for their lower prices and faster deliveries. Prices fell from mid-March onwards, as feedstock acetone prices hit historical lows.
Production of MIBK has been steady and there have been no issues obstructing good supply.Despite a substantial amount of imports from Asia,tThe market is considered balanced.
The MIBK market has been following feedstock values movement. Acetone being long and prices moving down, MIBK prices have followed the trend, on the back of lackluster demand. There was a slight rebound of demand in February but prices have been on the fall since mid-February. Propylene prices going up may help the derivative’s value to stabilise.
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.