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SingaporeIn Q1 2025, South Korea Methyl Isobutyl Ketone (MIBK) prices saw a significant drop of 15.37%, falling to $1,366/MT. This decline was a result of a market correction after the sharp price increase in the previous quarter, which caused an oversupply and weaker demand. Similarly, in South Africa, MIBK prices dropped by 15.13%, falling to $1,358/MT. This decrease also reflected a natural market correction following the earlier surge in prices, as the initial demand-driven price hikes began to stabilize.
In Q4 2024, South Korea Methyl Isobutyl Ketone (MIBK) prices continued their upward trend, rising by 3.66% to $1,614/MT, supported by ongoing robust demand and a tighter supply situation in the market. The tight supply combined with stable consumption patterns resulted in a slight price increase. In South Africa, MIBK prices followed a similar trajectory, increasing by 7.82%, reaching $1,600/MT. This rise was driven by strong domestic demand paired with a limited supply, making the market more competitive and pushing prices higher.
In Q3 2024, South Korea MIBK (Methyl Isobutyl Ketone) prices rose by 7.38%, reaching $1,557/MT, as demand strengthened, and overall market conditions improved. This was a positive outcome from a period of market adjustment, reflecting a healthier balance of supply and demand. In South Africa, MIBK prices rose by 6.84%, reaching $1,484/MT. This was due to an uptick in demand, which helped to stabilize the market after previous fluctuations, further buoyed by a return of industrial activity.
In Q2 2024, South Korea MIBK (Methyl Isobutyl Ketone) prices increased by 2.18%, rising to $1,450/MT. This moderate rise was a sign of a modest recovery in consumption and market activity after the lower price levels observed in the earlier quarters. Likewise, South Africa saw an increase of 4.04%, reaching $1,389/MT, supported by a recovery in overall market activity and increasing demand for MIBK as industrial production picked up.
In Q1 2024, South Korea MIBK (Methyl Isobutyl Ketone) prices fell by 5.08%, dropping to $1,419/MT. This decline was largely driven by softer market conditions and reduced demand after the strong price performance in Q4 2023. Similarly, in South Africa, MIBK prices fell by 0.96%, dropping to $1,335/MT, due to weaker demand in the early part of the year, as market participants adjusted to the ongoing economic and industrial trends.
In Q1 2025, MIBK prices fell by 14.34%, dropping to $1,475/MT, as the market corrected after the previous price surge. This significant decrease was a result of the market adjusting to the high prices seen in late 2024, with demand moderating and supply conditions stabilizing. In India, MIBK prices fell by 1.87%, dropping to ₹152,880/MT, as the market softened following the previous price hikes. The decline in prices reflected a natural correction after several months of upward pressure and a slight dip in demand.
In Q4 2024, MIBK prices increased by 1.95%, reaching $1,722/MT, fueled by consistent demand and persistent supply constraints. This increase, although moderate, indicated a persistent market tightness as demand remained robust. In India, MIBK prices increased by 2.79%, reaching ₹155,800/MT, reflecting sustained demand and rising production costs. This price growth was also influenced by higher raw material costs and continued domestic consumption, which kept upward pressure on prices.
In Q3 2024, MIBK prices saw a significant increase of 9.46%, rising to $1,689/MT, driven by stronger demand and tightening supply. This sharp increase was due to intensified market activity and an imbalance between supply and rising consumption. In India, MIBK prices saw an increase of 6.68%, reaching ₹151,570/MT, as the domestic market experienced further demand growth and supply constraints. The price hike was a result of increasing industrial requirements and tighter availability, pushing prices higher.
In Q2 2024, MIBK prices rose by 2.66%, reaching $1,543/MT, supported by a recovery in market conditions and an increase in demand. This price growth was driven by better market fundamentals, including a pickup in industrial activity and stronger consumption as the year progressed. Similarly, Indian MIBK prices rose by 5.90%, reaching ₹142,080/MT, as domestic consumption remained strong, supported by increasing industrial demand and steady market dynamics.
In Q1 2024, MIBK prices decreased by 1.57%, dropping to $1,503/MT, reflecting softer demand during the early part of the year. The decline was largely driven by a temporary slowdown in consumption, as market participants adjusted to the aftereffects of higher demand in the previous quarter. In India, MIBK prices increased by 1.62%, rising to ₹134,160/MT, driven by relatively stable demand and some market adjustments. The increase was a result of slight upticks in consumption, maintaining a steady balance between supply and demand in the local market.
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These events underscore the MIBK market’s vulnerability to global disruptions and highlight the importance of continuous monitoring of supply-demand dynamics.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable MIBK pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Methyl Iso-Butyl Ketone (MIBK) is a colorless, volatile solvent with a mild odor, commonly used in industrial applications. Known for its excellent solvency power, MIBK is widely used in paints, coatings, adhesives, and cleaning products. It serves as a solvent in the extraction of precious metals and as a key ingredient in the production of chemicals like methyl isobutyl carbinol. MIBK’s ability to dissolve a wide range of substances makes it an essential component in various industries, offering effective performance in diverse applications.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
Property Table:
| Property | Value | Unit |
| Appearance | Clear liquid | |
| Purity | 99.5 | % |
| Colour | 10 Max | Pt-Co |
| Density @20 C | 0.799~0.802 | g/m^3 |
| Water Content | 0.1 Max | Wt.% |
| Acidity as acetic acid | 0.002 Max | Wt.% |
Applications
Methyl isobutyl ketone (MIBK) is a versatile solvent widely used in various industrial applications. One of its primary uses is in the automotive and coatings industries, where it serves as a solvent for paints, varnishes, and coatings. MIBK enhances the solubility of resins and facilitates smooth application, ensuring high-quality finishes. Its ability to evaporate quickly without leaving residues makes it ideal for use in formulations that require rapid drying, thus improving productivity in manufacturing processes. In addition to coatings, MIBK plays a crucial role in the chemical industry as a feedstock to produce various chemicals and pharmaceuticals. It is utilized in synthesizing compounds such as antioxidants, agrochemicals, and specialty chemicals. MIBK’s chemical stability and compatibility with a wide range of reactants make it an essential component in many chemical processes, contributing to the production of high-performance materials. MIBK is increasingly recognized for its applications in the extraction and separation processes. It is employed as a solvent in the extraction of specific metal ions and organic compounds from mixtures, enhancing the efficiency of separation techniques. Its effectiveness in selectively dissolving certain substances positions MIBK as a valuable tool in industries such as mining and wastewater treatment, where efficient recovery of valuable resources is essential. As industries continue to seek sustainable and effective solutions, MIBK’s versatility and performance characteristics will remain integral to various applications.
The pricing of Methyl Isobutyl Ketone (MIBK) is influenced by several key factors, including fluctuations in raw material costs, particularly acetone and isobutylene, as well as changes in global supply and demand dynamics. Production capacity, technological advancements, and regulatory changes can also lead to price volatility. Understanding these factors is essential for procurement heads to effectively manage budgets and secure competitive pricing for MIBK.
Market trends can significantly impact the availability and pricing of MIBK through variations in demand from key sectors, such as coatings, adhesives, and pharmaceuticals. For example, an increase in demand for solvent-based products can drive prices higher. Procurement teams should closely monitor these trends to ensure a reliable supply chain and anticipate potential disruptions that may affect sourcing strategies.
Sustainability is increasingly important in the procurement of MIBK. When sourcing, procurement heads should evaluate suppliers based on their environmental practices, compliance with safety regulations, and efforts to utilize renewable feedstocks. Prioritizing suppliers with sustainable production methods not only aligns with corporate responsibility goals but also helps mitigate risks associated with regulatory changes and the growing consumer demand for eco-friendly
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