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Methyl Isobutyl Ketone (MIBK) prices drop in Mumbai Market | |
Free Online Advertising Free Internet Web Site Advertising. UK Free Classifieds United Kingdom Free Ads Website. 100% Free Ad Posting. Canada Free Ads Popular Online Classifieds in Canada. No Sign up, No Email Required to Post. Indian Petrochem analysts have reported a cut in Methyl Isobutyl Ketone (MIBK) prices in Mumbai's Imported market, On July 14, 2025, the Methyl Isobutyl Ketone (MIBK) in Mumbai's Imported market was reported at Rs.114/kg. Key sectors such as textiles, packaging, and automotive, which are major consumers of MIBK, have exhibited subdued demand. This is particularly evident in the Asia-Pacific region, where seasonal fluctuations and economic uncertainties have led to reduced consumption. Major Producers Domestic Producers:- Haldia Petrochemicals Ltd. (via import and blending), GNFC (Gujarat Narmada Valley Fertilizers & Chemicals) – limited scale, Laxmi Organic Industries – active in solvent distribution. International Producers: Shell Chemicals – Netherlands, ExxonMobil – USA, Mitsui Chemicals – Japan, Kumho P&B – South Korea, Celanese Corporation – Global distribution networks. India currently imports a significant portion of its MIBK requirements due to limited indigenous production. China and South Korea remain the top source countries. Market Outlook and Growth Trends: The global Methyl Isobutyl Ketone (MIBK) market was valued at approximately USD 700 million in 2023, and is projected to grow at a CAGR of 4.5% between 2024 and 2029, driven by increasing demand from the paints and coatings, adhesives, rubber chemicals, and pharmaceutical intermediates segments. India’s demand is also expected to grow steadily, especially with the revival of the automotive and construction sectors, both of which are major consumers of MIBK-based coatings and resins. Analyst Insight: “Supply-side tightening and firm crude-linked feedstock prices are likely to keep MIBK prices volatile in the short term,” said a senior analyst at Indian Petrochem. Conclusion: While the current price drop hike may be temporary, stakeholders are advised to monitor global feedstock trends and upcoming inventory levels, MIBK Prices in India, Indian MIBK Prices, Indian Prices MIBK, IndianPetrochem. #MIBKpricesinIndia #IndianMIBKprices #IndianPricesMIBK #IndianPetrochem | |
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| Target State: All States Target City : New Delhi Last Update : Jul 14, 2025 11:27 AM Number of Views: 10 | Item Owner : Indianpetrochem Contact Email: Contact Phone: (None) |
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2025-07-14 (0.924 sec)