For the Quarter Ending June 2022
The Methyl N-Amyl Ketone factories turned losses into profits during the first half of the second quarter of 2022 in the North American region with the help of prohibitive costs and the company's billing prices which increased several times. Furthermore, stockholders were not pressured to ship at the beginning of the month. The mentality of the stockholders was improving, and the offers were also increasing. After a round of upward movement, the downstream sentiment was not high. Most followed up only in need, with little intention to replenish goods at unreasonable prices. There were mixed fluctuations in downstream products, but the changes were insignificant, and the overall situation was stable. In addition, start-up and sales were steady, but demand stimulation was insufficient, and the propylene market was challenging to improve.
The prices of Methyl N-Amyl Ketone surged in the Asian market during the second quarter of 2022 with a quarterly escalation of 3.4%, as recorded by Chem Analyst pricing team data. Demand for the product from downstream solvent, automotive and chemical cleaners for electronics and flavouring agents supported the upward escalation of the prices in the regional market. Escalating prices of upstream feedstock Acetone and Butyraldehyde put cost pressure on the product's merits. The inventories were observed to fall with the traders and the suppliers during the period, and fewer products were being stockpiled.
In another uninspiring trading week, upstream feedstock Propylene closed a few transactions for prompt delivery. Methyl N-Amyl Ketone's price trend fluctuated in the first half of the second quarter of 2022, and it was honored to decline. Buying volume of the product in Europe was a popular topic at the beginning of the quarter. The operating rates decreased for phenol-acetone, and lower rates were considered by the end of the quarter. This suggested a fluctuating outlook for the market sentiments. Some sentiment pointed to a flat bearish market due to escalating imports and weaker Propylene.
For the Quarter Ending March 2022
North America showcased an inclining pricing trend of Methyl n-Amyl Ketone (MAK), which shot up to USD 3535/MT FOB in the first quarter of 2022. The steep rise was observed due to the firm demand fundamentals from downstream food enterprises and the paints and coatings industry. Tight supplies, depleting inventory levels, high manufacturing costs, and strong feedstock Acetone and Butyraldehyde prices altogether contributed to the increase in the prices of MAK in the North American region. United States, the major exporter of Methyl n-Amyl Ketone (MAK), experienced disrupted supply chains following the Russia-Ukraine crisis since February, which further affected the value chains of North America throughout this timeframe and caused soaring energy prices.
Methyl N-Amyl Ketone prices traced uphill throughout this quarter with an increment of 8% in India owing to the strong feedstock Acetone and Butyraldehyde markets. Being an imported commodity from China, the prices were driven primarily by the suspended import volumes during the Chinese New Year holiday break, which affected the downstream solvent sector across the region during February. Rising freight charges with increasing petroleum feedstock later impacted the overall pricing dynamics for Methyl n-Amyl Ketone towards the end of the quarter. Major players revealed that demand fundamentals for the solvent increased due to firm offtakes from the downstream paints and coatings and construction industry in the regional market, which encouraged the price hike in Asia. Thus, the MAK prices rose effectively and hovered around USD 4048/MT CFR JNPT in India by the end of the first quarter.
During the first quarter of 2022, prices of Methyl n-Amyl Ketone (MAK) soared in the European region on the back of firm feedstock Butyraldehyde values and stable Acetone market. The prices hovered around USD 3246/MT-3389/MT FOB Hamburg by the end of the first quarter in Germany. The European market was primarily affected by the Russia-Ukrainian conflict, as numerous disruptions were observed during Q1 as a result of the unexpected escalation of the war situation. The volatility in upstream crude oil prices impacted the cost of its derivative Propylene and feedstock Butyraldehyde, taking hold of the cost of downstream Methyl n-Amyl Ketone across the region.