Throughout January xxxx, Methyl Ethyl Ketone (MEK) prices have consistently risen in Asia, sparking considerable interest among consumers and industry experts alike. As a widely utilized solvent in the formulation of paints and coatings, the surge in MEK prices can be attributed to a complex set of factors affecting both supply and demand dynamics. The positive trajectory in MEK prices in the Indian market is the outcome of various interconnected elements. Furthermore, temporary closures of MEK production units in the early part of January, coupled with maintenance shutdowns in exporting nations like China, have led to a global supply shortage, amplifying the upward pressure on MEK market prices. The heightened demand for paint and coatings in the Indian automobile sector has further contributed to this price surge.
The MEK prices experienced an upward surge in India&#xx;s domestic market, primarily driven by heightened demand...
