Weak Demand and Ample Stocks Drive Down MEK Prices in the Netherlands
- 02-Mar-2023 1:42 PM
- Journalist: Stella Fernandes
There was a decrement in demand for Methyl Ethyl Ketone (MEK) from the construction sector, and an overall fluctuation in the global petrochemicals market influenced the Netherlands' product prices. Although the production of MEK has risen, the downstream demand from the construction sector could not follow up in time, and the slow transmission of supply and demand was also the main factor affecting the market trend of the product in the Netherlands region.
The market value of MEK plunged in the Netherlands, with prices ranging at USD 1748/ton FD Rotterdam as per ChemAnalyst Research Team Data. The MEK market is continuing to decline in the Netherlands, focusing more on the supply and demand side in the region. The trading atmosphere of MEK in the Netherlands region was weak, and it was mainly prudent to purchase and prepare goods. The overall market adjusted downward by a narrow margin in prices ushered by a deter in the market value of MEK.
The shipments of MEK increased in the Netherlands, with an increase in the number of inventories in the region impacted by lower procurement of the product. The contradiction between supply and demand in the MEK market supports the product's prices. The operating rate of the commodity remains low, and the downstream demand support from lacquers and adhesives was lacking.
The stockpiling of MEK was high in the region as there was a large variation in demand being transmitted up and down the supply chain. The performance of the downstream demand side of MEK was weak, the cost support brought by the fluctuating raw materials was acceptable, and there was no continuous increase in the procurement side. The downstream demand could not follow up in time, the supply of MEK was not under pressure in the Netherlands market, and the slow transmission of supply and demand was also the main factor affecting the market trend of the product.