Butadiene Price in USA
- United States: 691 USD/MT
The butadiene prices in the USA for Q4 2023 reached 691 USD/MT in December.
The latest report by IMARC Group, titled "Butadiene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of butadiene prices. This report delves into the price of globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Butadiene Prices Analysis:
- 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.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/butadiene-pricing-report/requestsample
Butadiene Price Trend- Last Quarter
The primary factor propelling the butadiene market is its vital position as a raw ingredient used in the production of synthetic rubber, specifically polybutadiene rubber (PBR) and styrene-butadiene rubber (SBR). Due to these materials' exceptional performance qualities and endurance, the automotive sector uses them extensively to produce gaskets, hoses, and tires. Butadiene usage is directly increased by the rising global demand for automobiles and the expansion of the automotive industry.
Butadiene is also utilized in the production of plastics, like acrylonitrile butadiene styrene (ABS), which is prized for its resilience and adaptability in a range of applications, including consumer goods, appliances, and electronics. The demand for products containing butadiene is further fueled by the growth in global industrial expansion and construction activities. Furthermore, by improving supply and satisfying rising demand, advancements in polymer technology and the development of manufacturing capabilities in developing nations support the growth of the butadiene market.
Butadiene Industry Analysis
Due to high demand and limited supply, butadiene prices in the US market increased significantly in the second quarter of 2024. Producers have a bullish outlook for the market because of low inventories and high feedstock butane costs. Despite high mortgage rates, demand from the synthetic rubber and polymer industries surged because to higher consumption in the building sector. The domestic price of butadiene increased because of this demand. Market data showed that although building permits were still declining, new residential construction had rebounded in April. A notable increase in housing starts was also observed, indicating a resurgence of the housing sector.
Moreover, low local output and a decline in imports from Asia limited the supply of butadiene, which drove prices higher. The higher pricing trend was also influenced by rising maritime freight prices from Asia to the United States. Concurrently, greater operating expenses are anticipated because of the U.S. Environmental Protection Agency's new emissions regulations for the manufacturing of butadiene monomers, which could eventually result in higher butadiene costs.
The Asia-Pacific butadiene market saw erratic price movements in the second quarter of 2024. Due to a shortage in the local market and an increase in the cost of energy and feedstock, butadiene prices increased in Singapore during the first part of the quarter. Increased manufacturing costs for Butadiene due to rising naphtha prices resulted in higher market prices. Prices for butadiene increased because of increased demand from the synthetic rubber sector, specifically from NBR, PBR, and SBR, as well as the polymer industry (ABS). The automotive and construction sectors also showed indications of recovery.
Additionally, increased inquiries from international markets aimed at restocking inventories maintained high price levels. However, in the latter half of the quarter, Butadiene prices declined due to reduced support from Naphtha costs. The demand from downstream synthetic rubber and polymer industries softened, as consumption in key sectors like automotive and construction did not meet seasonal expectations, leading to a downward price trend in the domestic market.
In the second quarter of 2024, Butadiene prices remained strong in the German market, primarily due to tightening supply conditions despite ongoing economic challenges that dampened demand. Even though feedstock Naphtha prices were lower throughout the quarter, this did not significantly affect Butadiene prices, as reduced operating rates since early 2024 led to limited availability. Production disruptions, including outages at Total Energies' Gonfreville site and LyondellBasell's Berre facility, further constrained supply, causing shortages in the domestic market.
Additionally, import prices surged due to extended transit times and high shipping costs caused by geopolitical issues in the Red Sea. Spot freight rates from Asia to Europe also climbed, driven by tight vessel capacity amid weather disruptions and congestion at Chinese ports. On the economic front, Germany's inflation rate rose slightly, impacting consumer confidence and spending. Despite these pressures, the underlying demand for Butadiene from the synthetic rubber and polymer industries remained steady, albeit soft, due to the weak macroeconomic environment.
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, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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