This week the bulk price of Methyl Ethyl Ketone (MEK) has been on an upswing due to short supply caused by delay in imports. Bulk prices leaped from trading range of Rs. 107-109 per kg to levels of Rs. 120-121 at the end of this week, on an average the prices gained by Rs. 2-3 per kg everyday.
Cetex is the sole manufacturer of MEK in India, with installed capacity of about 5,000 tonnes per annum, however, its market share is limited to South India. As such, the price of the chemical in the South Indian market has been immune to this short supply situation.
On this note, a Chennai based market source informed, "There are sufficient stocks of Cetex manufactured MEK in the market to meet the demand, which is moderate-to-weak at the moment. Hence, prices in Chennai market haven't moved significantly".
Its interesting to add that the prices of imported MEK are on the rise even as the demand from end user industries is weak to moderate from paint and ink industry.
"Respite in prices are expected to take place once fresh imports reach Indian shores, most importers will receive the product by the last week of August, 2014. Until then the prices are expected to remain inflated", a Mumbai based trader reported to Indianpetrochem.
(This article was published on the website on August 08, 2014)
Cetex is the sole manufacturer of MEK in India, with installed capacity of about 5,000 tonnes per annum, however, its market share is limited to South India. As such, the price of the chemical in the South Indian market has been immune to this short supply situation.
On this note, a Chennai based market source informed, "There are sufficient stocks of Cetex manufactured MEK in the market to meet the demand, which is moderate-to-weak at the moment. Hence, prices in Chennai market haven't moved significantly".
Its interesting to add that the prices of imported MEK are on the rise even as the demand from end user industries is weak to moderate from paint and ink industry.
"Respite in prices are expected to take place once fresh imports reach Indian shores, most importers will receive the product by the last week of August, 2014. Until then the prices are expected to remain inflated", a Mumbai based trader reported to Indianpetrochem.
(This article was published on the website on August 08, 2014)
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