Methyl Isobutyl Ketone Price In USA
- United States: 1372 USD/MT
In December 2023, the price of MIBK in the USA dropped to 1372 USD /MT FOB Texas, influenced by stable ketone feedstock values and reduced production costs.
The latest report by IMARC Group, titled "Methyl Isobutyl Ketone Price Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Methyl Isobutyl Ketone Prices. This report delves into the price of Methyl Isobutyl Ketone Price globally, presenting a detailed analysis, along with an informative Methyl Isobutyl Ketone Price chart. Through comprehensive Methyl Isobutyl Ketone 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 Methyl Isobutyl Ketone Price 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 Isobutyl Ketone Price Prices December 2023:
- United States: 1372 USD/MT
- China: 1392 USD/MT
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The study delves into the factors affecting Methyl Isobutyl 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 Isobutyl Ketone Price Trend- Q4 2023
Rising manufacturing costs and strong demand from downstream sectors, especially paints and coatings, are the main factors driving the methyl isobutyl ketone (MIBK) market. The rising demand for MIBK, a solvent that is utilized in many applications such as automotive finishes and high solids coatings, can be attributed to its function in improving the performance and longevity of protective coatings. Increased prices for upstream feedstocks, including acetone, which have a direct impact on MIBK manufacturing costs, have further impacted the market. Furthermore, supply chain limitations have been made worse by geopolitical unrest and logistical difficulties including high sea freight costs and port traffic, which have increased pricing volatility.
Methyl Isobutyl Ketone Industry Analysis
In North America, the MIBK market saw a notable price increase in Q2 2024 due to a combination of heightened spot purchasing, rising upstream Acetone costs, and robust demand from the paints and coatings industries. The market experienced significant upward pressure from constrained supply chains, aggravated by geopolitical tensions and logistical hurdles such as high ocean freight rates and port congestion.
Because of these variables, there was a positive pricing trend during the quarter, with prices growing steadily. In particular, severe demand and supply restrictions are shown in the USA, where MIBK prices increased significantly from the previous quarter and from the same quarter last year. The current market conditions, which are both steady and competitive, highlight the strong demand for MIBK in the face of rising manufacturing costs and supply chain difficulties.
On the other hand, during Q2 2024, MIBK prices in the APAC area sharply declined due to weak demand from downstream industries such paints, coatings, and adhesives. Due to the market's ongoing oversupply and poor demand fundamentals, there were sharp price reductions and large stockpiles. There were notable price reductions in China specifically over the previous year.
Seasonal demand for MIBK remained low, contributing to a bearish market mood. In Europe, the market also faced downward pressure due to weak purchasing sentiment and a deteriorating demand outlook. The slump in feedstock Acetone prices further impacted MIBK purchasing activity. Despite these challenges, the application of MIBK in automotive coatings remains significant, indicating a potential for future market adjustments as conditions evolve.
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, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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