Prices for Methyle Ethyle Ketone, a petro-chemical majorly used in the dyes stuff and ink industry increased extensively from the level of Rs 128 per kg to around Rs 140 per kg in the Delhi market on 1st September 2014.
Our sources from Mumbai market have informed that MEK stock is not available in the market and the shipment for imported material will only reach India ports after the first week of September.
In Chennai market too has been facing shortage of MEK material for the past two weeks amid delay in shipments. As far as supply from local manufacturer is concerned, a company source from Cetex informed Indian Petrochem that all the material for the month of September is booked and they will be able to provide any material only in the first week of October. Cetex is apparently the only manufacturer of MEK and caters the Southern market for MEK. Cetex capacity utilization for MEK has been a major concern for the firm. Cetex has a name plate production capacity of 5TMT (Thousand Metric Tonnes) but the actual production was 2.49TMT during the year 2012-13. Although their production capacity utilization rate has increased over the past three years yet it is far from reaching to a substantial level.
Consumption of MEK in India is around 31-32TMT per year and India imports about 94% of total consumption of MEK. Hence, the Indian MEK market relies heavily on imports and any fluctuation in the same impacts the market directly.
Last quoted basic price for MEK in Delhi market was at the trading levels of Rs.140-142 per kg.
(This article was published on the website on September 03, 2014)
Our sources from Mumbai market have informed that MEK stock is not available in the market and the shipment for imported material will only reach India ports after the first week of September.
In Chennai market too has been facing shortage of MEK material for the past two weeks amid delay in shipments. As far as supply from local manufacturer is concerned, a company source from Cetex informed Indian Petrochem that all the material for the month of September is booked and they will be able to provide any material only in the first week of October. Cetex is apparently the only manufacturer of MEK and caters the Southern market for MEK. Cetex capacity utilization for MEK has been a major concern for the firm. Cetex has a name plate production capacity of 5TMT (Thousand Metric Tonnes) but the actual production was 2.49TMT during the year 2012-13. Although their production capacity utilization rate has increased over the past three years yet it is far from reaching to a substantial level.
Consumption of MEK in India is around 31-32TMT per year and India imports about 94% of total consumption of MEK. Hence, the Indian MEK market relies heavily on imports and any fluctuation in the same impacts the market directly.
Last quoted basic price for MEK in Delhi market was at the trading levels of Rs.140-142 per kg.
(This article was published on the website on September 03, 2014)
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