Europe MEK prices fall on poor demand, increasing availability

31 January 2014 23:59 Source:ICIS News

LONDON (ICIS)--European methyl ethyl ketone (MEK) prices fell this week due to weak demand and rising availability, sources said on Friday.

The market is looking to normalise the price after a significant spike in September last year due to technical problems at Sasol’s production facility in Moers, Germany, that forced it to declare force majeure.

A buyer said it does not expect the price to fall below €1,300/tonne FD (free delivered) in February.

At the end of January 2013, prices stood at €1,200/tonne on average, according to ICIS data.

By Stefan Naidu