Butadiene Price in USA
- United States: 691 USD/MT
Butadiene costs rose because of elevated input energy prices. Consequently, prices were stabilized at 691 USD/MT in December 2023.
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:
- Monthly Updates: Annual Subscription
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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 butadiene market is primarily driven by its critical role as a key raw material in manufacturing synthetic rubber, particularly styrene-butadiene rubber (SBR) and polybutadiene rubber (PBR). These materials are extensively used in the automotive industry for producing tires, hoses, and gaskets, owing to their superior durability and performance characteristics. The increasing global demand for vehicles and growth in the automotive sector directly boost the consumption of butadiene. Additionally, butadiene is used in producing plastics, such as acrylonitrile butadiene styrene (ABS), which is valued for its toughness and versatility in various applications, including electronics, appliances, and consumer goods. The rising construction activities and industrial development worldwide further drive demand for butadiene-based products. Moreover, innovations in polymer technology and the expansion of manufacturing capacities in emerging markets contribute to the growth of the butadiene market by enhancing supply and meeting the increasing demand.
Butadiene Industry Analysis
In the second quarter of 2024, butadiene prices in the U.S. market saw a significant increase, driven by strong demand and tight supply conditions. Limited inventories and robust feedstock butane costs contributed to a bullish market outlook among producers. Demand from the synthetic rubber and polymer industries rose, spurred by increased consumption in the construction sector, despite high mortgage rates. This demand led to higher butadiene prices domestically. Market reports indicated a rebound in new residential construction in April, though building permits continued to decline. Housing starts also showed a significant uptick, reflecting renewed activity in the housing market. Additionally, butadiene supply was constrained by low domestic production and reduced imports from Asia, further elevating prices. Rising ocean freight rates from Asia to North America also contributed to the upward price trend. Meanwhile, the U.S. Environmental Protection Agency's new emissions standards for butadiene monomer production are expected to increase operational costs, potentially pushing butadiene prices higher in the future.
During the second quarter of 2024, the Asia-Pacific Butadiene market experienced fluctuating price trends. In the early part of the quarter, Butadiene prices rose in Singapore due to a surge in energy and feedstock costs, combined with a tight supply in the local market. Rising Naphtha prices significantly increased production costs for Butadiene, leading to higher market prices. Demand from the synthetic rubber sector, particularly NBR, PBR, and SBR, as well as the polymer industry (ABS), saw a boost as the automotive and construction sectors showed signs of recovery, further driving up Butadiene prices. 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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