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MEK prices surge in US market

There has been consistent rise in MEK values in US market this year. As there is very less domestic production of MEK, majority of industries depend on the imports from Europe. The tightened supply from UK and Germany due to plant issues has been adding to the woes for the consumers. The end use of MEK is in industrial coating segment. The manufacturers in US are likely to soon pass on the increased prices of chemical to the end product. MEK prices in US are hovering in the range of $1,585-1,675/tonne ex-tank US.