MEK prices are likely to witness an upheaval in the prices in Asian market. The limited supply of the chemical in Asian market has been prime reason for this hike. There has been rise in demand leading to surging of values in China. CFR North East Asia rates are hovering in the range of USD 950-970/MT, increased by USD 30/MT. Tightened supply has compelled the domestic suppliers to increase their rate in China. To add to their many units are likely to undergo shutdown in the month of March. The units include Ningbo Haiyue, Zibo Qixiang and Petrochina Lanzhou.
