Due to fluctuations in demand patterns, the market outlook for Methyl Ethyl Ketone (MEK) in Asia remained mixed in Q4. MEK prices in the regional market surged in October due to a combination of circumstances, including limited production in China and increased demand in India due to the festive season. Traders ran out of stock as imports became more expensive in the regional market week after week. However, as stock availability increased after the festive season, peaked prices returned to normal across the Indian market. Improved imports from China, according to traders, increased their inventory levels, allowing them to lower their product costs. Prices for Methyl Ethyl Ketone (MEK) remained stable during December, as demand for solvents in the paint and coatings industry fell owing to seasonal factors. In December, CFR MEK prices for India fell to 1715 USD/MT due to abundant MEK supply and poor buying demand.
Procurement Resource provides latest prices of Methyl Ethyl Ketone. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Methyl Ethyl Ketone for several regions around the globe, which are as follows:
About Methyl Ethyl Ketone:
Methyl Ethyl Ketone or MEK, which is commonly known as butanone, is an organic compound. This ketone is a colourless liquid having strong, sweet odour, which is similar to that of butterscotch and acetone. It is miscible in water and is typically utilised as a commercial solvent.
Chemical Formula of Methyl Ethyl Ketone:
In order to produce Methyl Ethyl Ketone via dehydrogenation, 2-butanol is utilised as the starting material. The dehydrogenation of 2-butanol is the presence of a catalyst like copper, zinc, or bronze gives Methyl Ethyl Ketone (MEK) as the result.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).