NTPC Green Energy tendered a water demineralisation plant for its planned 7GW green hydrogen-based chemicals hub in Andhra Pradesh. The project targets 2.5 million tonnes per year of hydrogen-based chemicals, adding substantial future green hydrogen supply and likely easing price pressure.
Asia
Throughout 2025, Octene prices in Asia generally trended downward. Demand from major consuming industries, such as plastics, packaging, and textiles, remained soft for most of the year. Buyers were cautious and mostly purchased only to cover immediate needs, which kept market activity slow. Supply levels stayed high, partly due to continued imports and steady production from local plants.
Short-term production cuts in the region provided only limited relief and did not lead to significant price gains. Seasonal factors, like post-holiday stock rebuilding, sometimes caused minor fluctuations, but overall, the market faced oversupply. By the end of the year, prices were lower than at the start, reflecting cautious buying and weak downstream demand.
Europe
In Europe, Octene prices also declined over the course of 2025. The region experienced persistent oversupply because production capacity exceeded demand. Key sectors such as construction, packaging, and consumer goods used less material than expected, which further weighed on the market.
Some long-term supply contracts were renegotiated or left unrenewed, creating uncertainty for producers and buyers alike. Maintenance at a few older plants offered only brief support, while overall inventories remained elevated. Price movements were gradual, but the general trend pointed downward, and European buyers remained cautious throughout the year.
North America
North American Octene prices showed mixed movements but generally remained under pressure. Early in the year, weather disruptions temporarily affected production along the Gulf Coast, creating a short-term supply tightening. However, operations resumed quickly, adding to already comfortable stock levels. Domestic demand from plastics, industrial, and packaging sectors was steady but not strong enough to drive prices higher.
Feedstock cost changes caused minor price shifts but did not have lasting impact. Buyers remained selective in their purchases, and inventories were carefully managed, keeping the market well supplied. Toward the later part of the year, demand and supply factors balanced out, leaving prices largely stable but slightly lower compared to the start of 2025.
Analyst Insight
According to Procurement Resource, Octene prices are expected to stay under pressure unless there is a notable recovery in demand or a reduction in supply. Any changes in feedstock costs or production patterns could influence future trends.
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Asia
In Asia, Octene prices in the second half of 2024 moved in a fluctuating pattern, closely linked to the changing feedstock ethylene market. At first, prices stayed fairly steady because supply and demand for ethylene were balanced, and downstream industries were running without major disruptions.
However, conditions shifted later in the period. Weak demand for several ethylene-based products, including resins and plastics, pushed ethylene prices down, which added downward pressure on Octene as well. Large cargo availability and slow buying interest also created a softer market sentiment.
At the same time, some regional plant shutdowns limited ethylene supply in certain areas, preventing prices from falling too sharply. In India, the market felt slightly stronger toward the end of the period as domestic demand improved, giving mild support to Octene values. Overall, Asia showed a stable to soft trend driven mainly by uneven ethylene fundamentals.
Europe
In Europe, Octene prices in H2’24 followed the region’s weaker ethylene conditions. The market was weighed down by slow industrial activity, high inventories, and muted confidence among buyers. Even when feedstock costs increased at certain points because of firmer crude and naphtha markets, buyers were hesitant to accept higher offers. This kept Octene prices under pressure.
The overall sentiment stayed soft as producers reduced operating rates to prevent further oversupply. Support from specialty and packaging sectors helped balance the market slightly, but not enough to change the general downward tone.
North America
North America saw a more divided trend during this period. Early in H2, Octene prices dipped as ethylene supply was high and demand stayed slow. But the market changed direction later when several unplanned outages tightened ethylene availability.
Weather-related disruptions and increased export movement added upward pressure. This helped Octene prices recover after a soft start, although demand from downstream plastic and chemical producers remained steady rather than strong.
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.
C8H16
Production of surfactants, Production of synthetic fatty acids, Production of plasticizers
1-octene
Shell Chemicals, Exxon Mobil Corporation, Evonik Industries, LG Chemicals, Sasol Limited, The Dow Chemical Company
CurrencyUS$ (Data can also be provided in local currency)
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In this process, octene is produced by dimerising butene.
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