Texas (USA): Methyl Ethyl Ketone (MEK) prices have sustained an upward trajectory over the past two months in the USA&#xx;s domestic market, creating a noteworthy buzz among consumers and industry experts alike. Widely used as a solvent in formulating paints and coatings, MEK&#xx;s price surge is attributed to multifaceted factors impacting both the supply and demand dynamics. The bullish trend in MEK prices within the USA market is a result of several intertwined factors. Instances such as attacks in the Red Sea, a drought affecting the Panama Canal, and heightened demand from downstream sectors have collectively fueled the price spike. Additionally, temporary shutdowns of MEK production units in exporting nations like China for maintenance have contributed to a global supply squeeze, intensifying the upward pressure on MEK market prices.
A pivotal role in this supply disruption narrative is played by the Panama Canal drought and attacks on...
