Methyl Ethyl Ketone Price In USA
USA: 1354 USD/MT
The price of methyl ethyl ketone in the USA for Q4 2023 reached 1354 USD/MT in December.
The latest report by IMARC Group, titled "Methyl Ethyl Ketone Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Methyl Ethyl Ketone Prices. This report delves into globally, presenting a detailed analysis, along with an informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Methyl Ethyl Ketone Prices December 2023:
Japan: 1140 USD/MT
Netherlands: 580 USD/MT
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The study delves into the factors affecting methyl ethyl ketone price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Methyl Ethyl Ketone Price Trend- Q4 2023
The methyl ethyl ketone (MEK) market is driven by its essential role as a solvent in various industrial applications, including paints, coatings, adhesives, and pharmaceuticals. MEK is valued for its ability to dissolve a wide range of substances, making it a crucial component in formulations requiring strong solvent properties. The market is influenced by fluctuations in raw material costs, particularly the prices of feedstocks such as butanol and crude oil, which impact MEK production costs. Additionally, regional economic conditions and industrial activity, particularly in the automotive, construction, and manufacturing sectors, drive demand. Changes in environmental regulations and shifts towards more sustainable practices can also affect the market dynamics. Increased infrastructure development, urbanization, and growth in end-use industries globally contribute to MEK demand, while supply chain disruptions and geopolitical events can lead to price volatility.
Methyl Ethyl Ketone Industry Analysis
In Q2 2024, the North American MEK market saw a pronounced rise in prices. A significant increase in upstream crude oil prices, influenced by geopolitical tensions and supply disruptions, heightened production costs for MEK. Additionally, strong demand from the downstream paint and coating industries, particularly within the construction and automotive sectors, contributed to the upward pressure on prices.
Seasonal procurement behaviors also played a role, as industries prepared for heightened summer operations, prompting market participants to secure supplies in advance. The USA experienced the most substantial price shifts, indicating periodic market corrections within a broader upward trend. In the APAC region, supply chain disruptions, including maintenance shutdowns and adverse weather conditions, tightened the market, while rising crude oil prices further increased production costs.
Despite these challenges, demand from downstream sectors like construction and automotive remained consistent, providing some market stability. This bearish trend was driven by subdued demand, reduced manufacturing output, and seasonal factors affecting the construction sector. Similarly, the market in Europe also saw a notably negative pricing environment for MEK. Reduced feedstock costs, particularly for butanol, and lower energy prices exerted downward pressure on MEK prices.
The normalization of supply conditions following the lifting of force majeure by a major oxo-alcohols manufacturer contributed to market stability, but also to a price decline. Weak downstream demand from the paint, coating, and plasticizer industries, coupled with sluggish procurement activities as buyers anticipated further price drops, exacerbated the bearish sentiment. This persistent decline was influenced by oversupply, reduced feedstock costs, and weaker demand, highlighting the predominantly negative pricing environment during the quarter.
Regional Price Analysis:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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, Peru
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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