Get the latest insights on price movement and trend analysis of Methyl Ethyl Ketone in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Methyl Ethyl Ketone Price Trend for the First Half of 2023
Methyl Ethyl Ketone prices started slow in the Asian region in the first half of 2023. As the demands from downstream paint and coating industries tumbled, the feedstock butanol prices failed to provide any substantial cost support. The revival of manufacturing activities after the easing of lockdown restrictions was still in a slump as consumer behaviour shifted to being necessity-centric. The global economic slowdown played its part as well. Overall, the market exhibited bearish sentiments throughout the said period.
The European Methyl Ethyl Ketone market could behave no differently than the Asian market, as the European market is heavily import-dependent. Secondly, the rising crude oil and feedstock costs increased the upstream costs multifold, creating a situation of demand destruction for the region.
A worsened economic situation was also responsible for such bearish market sentiments. Germany even underwent a recession; the Russia – Ukraine conflict was the major reason behind this economic meltdown. Supply chains also got curtailed, hindering the market further. Overall, bearish market sentiments were observed.
The price trends for Methyl Ethyl Ketone remained fluctuating throughout the said period of the first half of 2023. Price trends were driven by the downstream demands, which remained bearish throughout. Reduced upstream costs coupled with lackluster demands determined the dull market sentiments.
According to Procurement Resource, the Methyl Ethyl Ketone price trends are expected to follow similar dampened price trends as the dull demands continue to drive the market sentiments.
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.
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.
|Product Name||Methyl Ethyl Ketone|
|Industrial Uses||Solvents, Absorbent, Adhesive, Paints and Coatings, Lube oil dewaxing, Gums and resins, Chemical intermediates, Plastic welding agent|
|Chemical Formula||CH3C(O)CH2CH3 or C4H8O|
|Synonyms||78-93-3 , Butanone, Ethylmethylketone, Butan-2-one, Methylpropanone, Methylacetone|
|Molecular Weight||72.107 g/mol|
|Supplier Database||ExxonMobil Corporation, Royal Dutch Shell Plc, Arkema Group, Sasol Limited, Tasco Chemical Corporation, Solventis|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
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.
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).
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