Butadiene Price in USA
- United States: 691 USD/MT
Butadiene costs rose as a result of elevated input energy prices. Consequently, prices were stabilized at 691 USD/MT in December 2023.
The latest report by IMARC, titled " Butadiene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data " delivers a comprehensive analysis of butadiene prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Butadiene Prices December 2023:
- United States: 691 USD/MT
- South Korea: 900 USD/MT
- Germany: 768 USD/MT
Report Offering:
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The study delves into the factors affecting butadiene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Butadiene Price Trend - Q4 2023
The butadiene market is experiencing a dynamic period, primarily driven by a convergence of supply constraints and heightened demand across key industries. Supply disruptions, such as forced majeure and plant shutdowns, particularly in the United States, have significantly limited available stocks, pushing prices upwards. This shortage is compounded by logistical challenges posed by extreme weather conditions, further impacting production rates. Concurrently, demand for butadiene has surged, especially from the synthetic rubber sector, which is bolstered by increased consumption within the automotive industry. As vehicle sales climb, the need for Butadiene-intensive products like Styrene-Butadiene Rubber (SBR) escalates, thus amplifying market pressures. Additionally, global geopolitical tensions and fluctuations in energy and feedstock prices are influencing market sentiments, making the pricing and availability of Butadiene more volatile. This blend of restricted supply and robust demand is crafting a bullish outlook for the Butadiene market as stakeholders navigate through these turbulent times.
Butadiene Market Analysis
The global butadiene market size reached 13.1 Million Tons in 2023. By 2032 , IMARC Group expects the market to reach 19 Million Tons, at a projected CAGR of 4.30% during 2023-2032 . In North America, butadiene prices in the last quarter were significantly influenced by a series of supply-side issues. The United States faced a notable reduction in butadiene availability due to forced majeure declarations, plant shutdowns, and decreased domestic production rates, which were exacerbated by severe cold weather impacting operational capabilities. These supply constraints were met with a growing demand from the synthetic rubber industry, driven by an upturn in the automotive sector. The synthesis of tight supplies and strong demand led to a bullish market sentiment, pushing prices upwards as manufacturers looked to capitalize on the constrained market environment.
In the Asia-Pacific region, particularly in Singapore, butadiene prices have been influenced by rising energy costs and tight supply conditions. The escalation in global crude oil prices, driven by geopolitical tensions and output cuts by OPEC and its allies, significantly affected the production costs of Butadiene. Additionally, the domestic supply was strained, not just by high feedstock prices but also by steady demand from the synthetic rubber and polymer industries, which did not see a corresponding increase in production rates. The high cost of raw materials combined with stable demand led to bullish sentiments in the market, thus maintaining high prices for Butadiene despite some global economic uncertainties affecting purchasing activities.
Europe, particularly Germany, witnessed substantial price increases for Butadiene due to a combination of high feedstock costs and geopolitical concerns. Rising naphtha prices, influenced by the global crude oil market conditions and OPEC+ production cuts, have been a primary driver. The market was further tightened by geopolitical tensions in the Middle East and Russia, raising concerns over future supply disruptions. These factors, coupled with cautious buying behavior from the downstream industries expecting potential price decreases, resulted in a complex market scenario where supply limitations and high production costs prompted manufacturers to increase prices to maintain profit margins amid economic uncertainties.
Key Points Covered in the Butadiene Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Butadiene Prices
- Butadiene Price Trend
- Butadiene Demand Supply
- Butadiene Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Butadiene Price Analysis
- Butadiene Industry Drivers, Restraints, and Opportunities
- Butadiene News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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, Colombia, Chile, Ecuador, and Peru
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Browse More Pricing Reports By IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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