Get the latest insights on price movement and trend analysis of Butene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Butene Price Trend for the First Half of 2023
Butene prices in China showed some positive inclinations in the quarter of 2023. The feedstock ethylene supported the upstream costs, and downstream demands from the plastic and polymer industries also showed some positive upturns. Overall, market trends sailed with a positive start in quarter one and remained afloat even in the second quarter, with some occasional fluctuations as per downstream demands and upstream costs.
European Butene market, too, exhibited similar oscillating price trends as the Asian domestic market. Queries from the downstream consumer sector saw a rise, and feedstock prices, too, started inclining. Eased shipments helped reduce production costs, but feedstock prices influenced the price hikes more. Trends continued to fluctuate till the end of the said period, as market demands, and upstream costs continued to drive the market sentiments.
The North American Butene market had a similar positive start as the other global markets, as the prices rose at the beginning of Q1 2023. Rise in demands and feedstock costs supported the upward trends, but as the inventory levels rose and were able to support the dipping downstream demands, prices started falling by the end of quarter one. Downstream demands continued to drive the price trends in the region in the second quarter as well. Overall mixed price sentiments were observed throughout the said period.
According to the Procurement Resource, the Butene prices are expected to remain driven by market demands from the downstream industries as eased supply chains, and shipments will likely ease the upstream cost pressure.
Butene Price Trend for the Second Half of 2022
The butene market fluctuated throughout the third and fourth quarters of 2022. The region saw a rise in inventories as the demand from the end-user industries remained low. The adoption of the zero covid policy by China was also a major contributor to this sea-saw price trend of butene. Not only the domestic market, but the international market also showcased a slump in demand and thus, butene prices declined in the domestic region.
The price trends for butene showed a fluctuating pattern during the said period. The European region witnessed an increased production cost as the operation and energy production costs increased. The demand from the end-user industries was also weak along with the decline in imports from the downstream industries. The disruption in supply due to port congestion and vessel bunching also severely affected the prices of butene. The fourth quarter saw a stable demand from the polyisobutylene sector which somehow stabilized the butene market. The later months of the fourth quarter were in favour of the butene prices.
During the initial months of Q3, the prices of feedstock declined, and inflation rose. In the North American region, the price of butene also declined due to the rise in inventories and weak demand from the end-user industries. In the fourth quarter, the sea-saw price trends for butene continued. The manufacturing purchasing index declined, and cheap Asian products further declined the prices of butene.
According to Procurement Resource, the price trends for Butene are likely to incline in the coming months considering the rise in production costs and improving demand from the end-user polyisobutylene market.
Butene Price Trend For the First Half of 2022
The economic catastrophe unleashed in the last week of February owing to the Russian invasion of Ukraine had disastrous effects on the world economy. The surging crude oil prices, supply-side constraints, and trade bottlenecks caused the prices of feedstock petrochemicals such as ethylene to rise, thereby causing the prices of Butene to inflate.
With the heightened upstream costs and solid demand from the polymers and tire companies, the price trends for Butene tipped towards the higher end of the scale. The prices of Butene averaged 1155 USD/MT Ex-Mumbai during the first quarter.
During the second quarter, with the government's decision to impose covid restrictions, the industrial production rates suffered. The production rates did not reach their optimum levels even after the upliftment of restrictions due to the surging costs and demand destruction in downstream sectors. The price of feedstock ethylene declined, averaging 1166-1176 USD/MT CFR Northeast Asia and 1216-1226 USD/MT CFR Southeast Asia. However, despite the stagnant demand and relaxed feedstock prices, the prices of Butene remained afloat due to the abnormal inflation levels.
The European economy suffered the worst consequences of the Russian conquest of Ukraine. The acute energy crisis due to the soaring crude oil and gas prices, along with trade bottlenecks, triggered runaway inflation in the European domestic market.
The robust demand amid the high power and transportation costs caused the price trends of Butene to strengthen. However, during the second quarter, the butene prices stabilized slightly owing to the lowered feedstock ethylene prices averaging 1759-1768 USD/MT FD Northwest Europe.
The price trends for Butene remained strong throughout the first half of the said year. Supply-side constraints, high freight charges, surging production costs, and labour shortages amid the robust downstream demand caused the prices of Butene to remain on the upwards trajectory.
Procurement Resource provides latest prices of Butene. 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.
Butene is a hydrocarbon belonging to the group of alkenes with four carbons in the chain and a saturation (double bond) at the first position. It is a highly flammable, colorless gas with a distinct odor. Depending on the position of the double bond, different isomers can exist, each having its distinct properties. Butene is a gas at room temperature but can be liquefied by lowering the temperature or raising the pressure.
It is present as one of the minor constituents of crude oil, but it is not feasible for extraction; hence it is obtained by catalytic cracking of long chain hydrocarbons. Butene is used in several polymerization reactions, primarily in producing HDPE and LDPE.
|Industrial Uses||Polymers/Polyethene, Chemical Substrates, Rubber Processing Industries|
|Synonyms||But-1-ene, Ethyl ethylene, 1-Butylene|
|Molecular Weight||56.11 g/mol|
|Supplier Database||Shell, Evonik, Mitsui Chemical, Sumitomo Chemical, Idemitsu Kosan, CNPC, SINOPEC|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The catalytic dimerization of ethylene in the presence of Ziegler catalyst to Butene is one of the most selective and economical routes to produce Butene. Dimerization reaction occurs in the liquid phase of the reactor and the pump around the loop. The feedstock ethylene enters the reactor, and the catalyst is injected into the pumps and coils, facilitating the reaction. Thus, the required product is removed from the reactor, and the effluents are drained and pumped into the catalyst removal section.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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