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 the price of Methyl Ethyl Ketone 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 Price Analysis:
- Japan: 1140 USD/MT
- Netherlands: 580 USD/MT
Report Offering:
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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.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/methyl-ethyl-ketone-pricing-report/requestsample
Methyl Ethyl Ketone Price - Last Quarter
The crucial function that methyl ethyl ketone (MEK) plays as a solvent in a variety of industrial applications, such as paints, coatings, adhesives, and medicines, propels the market for MEK. MEK is an essential ingredient in compositions needing strong solvent qualities because of its desired capacity to dissolve a broad variety of compounds. Changes in the price of raw materials, especially feedstocks like butanol and crude oil, have an impact on the market and the cost of producing MEK. Demand is also influenced by regional economic circumstances and industrial activity, especially in the manufacturing, construction, and automobile industries. The dynamics of the market may also be impacted by modifications to environmental laws and moves toward more sustainable practices.
Methyl Ethyl Ketone Industry Analysis
The MEK market in North America had a sharp price increase in Q2 2024. MEK's production costs increased because to a notable surge in upstream crude oil prices brought on by supply interruptions and geopolitical concerns. Price pressure was also exacerbated by robust demand from the downstream paint and coating industries, especially in the automotive and construction sectors.
Seasonal procurement practices also contributed, as market participants bought goods ahead of time as companies readied themselves for increased summer operations. The biggest price changes occurred in the USA, suggesting that there were sporadic market corrections within a larger increasing trend. Supply chain interruptions, such as maintenance stoppages and unfavorable weather, made the market more competitive in the APAC area, and growing crude oil prices drove up production costs even more.
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.
After a large oxo-alcohols producer lifted its force majeure, supply circumstances returned to normal, which helped stabilize the market but also caused prices to drop. The gloomy attitude was made worse by weak downstream demand from the paint, coating, and plasticizer sectors as well as slow procurement activity as purchasers awaited more price reductions. Oversupply, lower feedstock prices, and weakened demand all contributed to this ongoing drop, underscoring the quarter's mostly unfavorable pricing environment.
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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