Product
Octene Price Trend and Forecast
Octene Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Octene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Octene Price Trend for the Second Half of 2022
Asia
The uprising trend in the prices from the first two quarters of 2022 continued in the third quarter. The end-user industries such as polymer and elastomer industries fueled the demand for octene and led to a surge in the prices. The demand for the commodity continued to rise even in the fourth quarter. High demand, limited supply, and low prices of feedstock led to an uprising trend in the prices of octene.
Europe
During the first two quarters of 2022, the prices for octene saw an uprising trend due to the restricted supply and trade along with the high demand from the market. The elastomer market that uses octene in the production of specific elastomers and polymers also showcased an uprising trend in the prices during the third quarter. This trend was however reversed in the fourth quarter when the producers were struggling to sell the commodity as the demand for the elastomers and polymers of octene dipped. The fluctuations in the feedstock costs further fueled this dip and paused the uprising of the prices.
North America
The North American market saw a mixed price trend in the prices of octene during the third and fourth quarters of 2022. The surge in demand is majorly attributed to the rise in feedstock costs and high demand from the end-used industries. However, in the polyolefin elastomer industry, where this commodity is used as a starting material, the prices dipped in the third quarter.
The major reason for this is the low demand for this elastomer from the market accompanied by a strong supply from the producers. The fall in the prices of the elastomer was also observed in the fourth quarter owing to the fluctuation in demand from end-user industries such as automotive, agriculture, etc. Another factor responsible for this fall is the rise in the cost of energy and production.
Analyst Insight
The prices of Octene are likely to increase during the coming month given the surge in the prices of elastomers and polymers and high demand from the end-user industries.
Octene Price Trend For the First Half of 2022
Asia
The crude oil and natural gas prices soared throughout the world owing to the continuing Russian invasion of Ukraine. The price upstream operating costs affected the petrochemical industry thereby causing the prices of linear alpha olefins to increase i.e., octene prices soared throughout the Asian market.
The trade bottlenecks, port congestions, covid restrictions, and raised freight led to the phenomenon of demand destruction in the Asian domestic arena and thus, the price trends of octene suffered towards the end of said period. The price of C 10 linear alpha olefins averaged 940.81 USD/MT in India.
Europe
The European region closely mimicked the price trends for octene recorded in the Asian arena. The prices soared during the first 4/5 months owing to the supply side constraints, high feedstock prices and trade restrictions and robust downstream demand.
The price of C 10 LAO averaged 2263 USD/MT during the first quarter. The prices relaxed towards the end of said period averaging 1619 USD/MT as the upstream operating costs relaxed.
North America
Owing to the robust demand from downstream plasticizers, polymers and chemical industries amid the raised feedstock costs the prices of octene surged throughout the US domestic market. The C10 Linear Alpha Olefins averaged 790 USD/MT on a FOB basis during the first quarter. However, it soon stabilized and plateaued towards the end of the second quarter due to the muted market sentiment and ample inventories as the trade restrictions relaxed.
Procurement Resource provides latest prices of Octene. 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.
About
Octene is an invisible liquid organic compound. The double bond in the alkene is in the alpha (primary) position, giving it increased reactivity and consequently, valuable chemical features. Alkenes are classed as higher olefins and alpha-olefins. Octene is one of the crucial linear alpha olefins.
Product Details
| Report Features | Details |
| Product Name | Octene |
| HS CODE | 2901290 |
| CAS Number | 111-66-0 |
| Industrial Uses | Production of surfactants, Production of synthetic fatty acids, Production of plasticizers |
| Chemical Formula | C8H16 |
| Synonyms | 1-octene |
| Molecular Weight | 112.21 g/mol |
| Supplier Database | Shell Chemicals, Exxon Mobil Corporation, Evonik Industries, LG Chemicals, Sasol Limited, The Dow Chemical Company |
| 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.
Production Processes
- Production of Octene via Catalytic Dimerisation
In this process, octene is produced by dimerising butene.
Methodology
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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