In the first half of 2023, butene prices in Asia, Europe, and North America experienced positive trends. Asia saw a favorable start with ethylene-based feedstock supporting upstream costs and increased demand from plastic and polymer industries. European and Asian markets showed similar oscillating trends, influenced by rising feedstock prices. North America also began positively, but prices dipped later due to rising inventory levels, though downstream demand continued to impact pricing. Overall, mixed sentiments prevailed, with occasional fluctuations driven by downstream demand and upstream costs. These factors shaped the global butene market, creating a dynamic environment throughout the period.
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Definition
Butene is a gaseous hydrocarbon with four carbon atoms and a double bond. It exists in different isomeric forms, such as 1-butene and 2-butene. It is commonly used as a feedstock in the petrochemical industry for the production of plastics, synthetic rubber, and other chemicals. Additionally, butene is utilized as a fuel component in some gasoline blends.
Key Details About the Butene Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Butene in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Butene Price Trends, including India Butene price, USA Butene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Butene Price Trend:
Butene plays a crucial role in various key industrial applications. As a feedstock in the petrochemical industry, it is utilized for the production of plastics, synthetic rubber, and other important chemicals. Its versatile properties make it an essential building block for numerous products in the plastics and rubber sectors. Moreover, as a fuel component, it finds application in certain gasoline blends, contributing to its significance in the energy sector.
Key Players:
- Shell
- Evonik
- Mitsui Chemical
- Sumitomo Chemical
- Idemitsu Kosan
- CNPC
- SINOPEC
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