2-Methyl-1,3-Butadiene Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of 2-Methyl-1,3-Butadiene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

2-Methyl-1,3-Butadiene Price Trend for the First Half of 2023

Asia

2-Methyl-1,3-Butadiene prices in the Asian market continued with oscillating patterns in H1’23. As the market began to recover from the lockdown aftereffects, some inclination was observed in the first month of Q1. But holidays for Chinese New Year hindered the recovery, and demands stooped back, which brought the price trends down again. After the holiday season, factories started churning out the product much faster, oversupplying the inventories, but market demands didn’t rebound to supplement the increased production rates. These events made the 2-Methyl-1,3-Butadiene /Isoprene falter throughout the second quarter. Overall bearish market sentiments were observed.

Europe

2-Methyl-1,3-Butadiene prices fluctuated in the first half of the year 2023 in the European market. The market was saturated with rubber products and demands from the downstream automotive and tire industries remained bearish. Inventories had no room for more supplies amidst limited offtakes. Improved supplies with freight restoration also couldn’t help the market much. Occasional demands appeared, but existing stocks easily catered to those. Overall, the Isoprene market sentiments remained bearish.

North America

The North American Isoprene market struggled throughout the said period. Increased interest rates impacted the automotive sector severely, reducing the queries for 2-Methyl-1,3-Butadiene in the American market. Heavy inventory volumes, too, contributed to keeping the price trends sluggish. Some occasional temporary upturns in demand were observed but could not influence the price trends positively. Prices returned to the downhill track after very short-lived hikes. Overall, bearish market sentiments were observed in the first half of 2023.

Analyst Insight

According to Procurement Resource, the price trends for 2-Methyl-1,3-Butadiene are expected to continue the same sluggish patterns given the overstocked inventories. Market demand will remain the primary driving force, and any rebound in price trends only seems possible with improvement in market offtakes.

Procurement Resource provides latest prices of 2-Methyl-1,3-Butadiene. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.