In Q1 2025, South Korea Methyl Isobutyl Ketone (MIBK) prices saw a significant drop of 15.37%, falling to $1,366/MT. This decline was a result of a market correction after the sharp price increase in the previous quarter, which caused an oversupply and weaker demand. Similarly, in South Africa, MIBK prices dropped by 15.13%, falling to $1,358/MT. This decrease also reflected a natural market correction following the earlier surge in prices, as the initial demand-driven price hikes began to stabilize.





