Bio- Butadiene price trends exhibited borderline stagnancy as they followed the feedstock sugar and corn market sentiments closely. Bio- Butadiene is important to revolutionize the plastic and polymer industry by making them a little more environmentally viable. Hence, the demands are gradually rising as the sector grows. However, during the said period of H2’23 the demands were found to be marginally muted as the industrial activities suffered because of various geopolitical reasons.
The feedstock availability was largely sufficient, while some of the downstream demands were filled via the recycled butadiene products. This hampered the overall market demand for bio-butadiene, and hence, the price curve dipped during the end quarter of 2023.