Hamburg (Germany): In the past two months, the prices of Methyl Ethyl Ketone (MEK) have consistently risen in Europe, drawing the attention of consumers and industry experts. MEK is crucial for the production of paints and coatings. The upward trend in MEK prices in Europe is attributed to various simultaneous factors. For instance, events such as attacks in the Red Sea significantly contribute to the escalating MEK prices. Simultaneously, there is an increased demand from industries utilizing MEK, particularly in construction, further driving prices higher. Another contributing factor is the temporary suspension of MEK production in countries like China for essential maintenance, resulting in a global shortage. The combination of these factors is causing a substantial rise in MEK prices.
The attacks in the Red Sea pose a significant challenge to the procurement of MEK. These attacks force ships to take a longer route around Africa, increasing...
