The market for methyl n-amyl ketone (MAK) is in a major slump as of mid-June xxxx, with prices starting to decline in key markets such as the US and India.听 Its primary downstream industries, particularly the automotive industry have depressed MAK&#xx;s price due to low demand.听 MAK is a highly sought-after solvent used extensively in the production of paints, coatings, adhesives and industrial cleaning agents. As the chemical is sensitive to economic trends, the recent downturn in industrial production has negatively impacted consumption and market sentiment. The market&#xx;s overall bearish sentiment has also been compounded by falling feedstock prices notably acetone.
In mid-June, India&#xx;s MAK price plunged to a record USD x,xxx per metric ton. It is directly linked to the domestic automobile industry&#xx;s poor performance, which utilises MAK heavily in vehicle paints, adhesives and maintenance products. The demand...
