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
The methyl isobutyl ketone (MIBK) market is primarily driven by robust demand from various downstream industries, particularly paints and coatings, coupled with rising production costs. MIBK, a solvent used in a range of applications including high solids coatings and automotive finishes, sees increased demand due to its role in enhancing the durability and performance of protective coatings. The market has been further influenced by elevated costs of upstream feedstocks, such as Acetone, which directly affect MIBK production expenses. Additionally, geopolitical tensions and logistical challenges, including high ocean freight rates and port congestion, have exacerbated supply chain constraints, contributing to price 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.
These factors led to a bullish pricing trend, with prices rising consistently throughout the quarter. Specifically, in the USA, MIBK prices surged substantially compared to the same quarter last year as well as from the previous quarter, reflecting strong demand and supply constraints. This stable yet pressured market environment underscores a robust demand for MIBK amidst escalating production costs and supply chain challenges.
In contrast, the APAC region experienced a pronounced decline in MIBK prices during Q2 2024, driven by sluggish demand from downstream sectors such as paints, coatings, and adhesives. The market faced persistent oversupply and weak demand fundamentals, leading to aggressive price cuts and high inventories. China, in particular, saw significant year-over-year price drops.
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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