Given the recent Jiangsu blasts in China, domestic suppliers are keeping low inventories at their methyl ethyl ketone (MEK) plants and storage tanks in anticipation of stricter environmental checks by the government. As such, due to weakened demand, suppliers are aggressively offering low prices to the export market. As a result, buyers are now more cautious in procuring any new material due to falling Chinese domestic prices, unless they have greater transparency on the Chinese markets and any new offers.
In line with China being the biggest supplier of MEK within Asia, ICIS has now added an FOB China quote that will track cargoes all over the world, enabling market players to stay abreast of the changing trends in this domestic market and properly plan their next purchase.
As a buyer or seller within Asia, confidently procure MEK, with access to all of the following:
- CFR Northeast and Southeast Asia, India and the newly added FOB China price assessments
- Feedstock prices such as naphtha prices
- Production news and operating schedules
- Commentary on key price drivers, supply and demand and outlook
Keep up with the changing dynamics in the Asia MEK markets with ICIS market data and expertise
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