Butadiene Price in USA
- United States: 691 USD/MT
Butadiene costs rose because of elevated input energy prices. Consequently, prices were stabilized at 691 USD/MT in December 2023.
The latest report by IMARC Group, titled “Butadiene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of butadiene prices. This report delves into the price of globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Butadiene Prices Analysis:
- United States: 691 USD/MT
- South Korea: 900 USD/MT
- Germany: 768 USD/MT
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The study delves into the factors affecting butadiene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/butadiene-pricing-report/requestsample
Butadiene Price Trend- Last Quarter
At present, the increasing employment of butadiene in the automotive industry, primarily due to its extensive use in the production of synthetic rubbers, such as styrene-butadiene rubber (SBR) and polybutadiene rubber (PBR), is bolstering the market growth. These synthetic rubbers are essential in manufacturing tires, which are in high demand due to the growing automotive production and sales. Besides this, technological advancements in butadiene production processes, including the development of on-purpose butadiene production technologies, are supporting the market growth. These technologies enable the efficient and cost-effective production of butadiene, improving supply reliability and reducing production costs.
Innovations in catalyst development and process optimization also contribute to higher yield and better product quality. In addition, the growing shift towards lightweight and high-performance materials in various industries, such as automotive, aerospace, and packaging, is catalyzing the demand for butadiene. Butadiene-based polymers and elastomers are favored for their lightweight properties and high strength, making them ideal for applications requiring durability and efficiency.
Butadiene Industry Analysis
In the fourth quarter of 2023, butadiene prices in the USA saw a significant rise due to strong cost support from feedstock butane and elevated natural gas prices, which increased production costs. Despite sluggish demand from the automotive and construction sectors, limited production activities and supply chain disruptions, including issues in the Panama Canal and the Red Sea, restricted material availability. This scarcity, combined with continued feedstock support, kept butadiene prices high. Additionally, strikes in the automotive industry further threatened the already weak demand, but these factors collectively sustained the bullish market sentiment for butadiene.
In Q4 2023, butadiene prices in the Asia Pacific market showed mixed sentiments. Early in the quarter, South Korean prices rose due to declining inventories, encouraging market participants to negotiate higher prices despite weakening demand from the synthetic rubber and polymer industries. Later, prices dropped as reduced feedstock naphtha and crude oil prices lowered production costs, leading to bearish market sentiments. Additionally, tepid demand from the automotive and construction sectors and cheaper imports increased material availability, prompting traders to clear inventories at lower prices, resulting in decreased butadiene prices by the end of the quarter.
In the fourth quarter of 2023, butadiene prices in the German market increased due to reduced supply despite lower feedstock naphtha prices. Tight supply conditions were exacerbated by planned and unplanned outages at European steam crackers, including Repsol’s Tarragona and Total Energies’ Antwerp NC3 crackers. Additionally, rising freight charges for imports from Asia put upward pressure on prices. However, weak demand from the synthetic rubber and polymer sectors, driven by sluggish automotive and construction industries, kept overall consumption low, preventing significant price increases at the lower end of the market. As a result, butadiene prices settled higher by the end of the quarter.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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