Product
Butene Price Trend and Forecast
Butene Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Butene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
Asia
The economic catastrophe unleashed in the last week of February owing to the Russian invasion of Ukraine had disastrous effects on the world economy. The surging crude oil prices, supply-side constraints, and trade bottlenecks caused the prices of feedstock petrochemicals such as ethylene to rise, thereby causing the prices of Butene to inflate.
With the heightened upstream costs and solid demand from the polymers and tire companies, the price trends for Butene tipped towards the higher end of the scale. The prices of Butene averaged 1155 USD/MT Ex-Mumbai during the first quarter.
During the second quarter, with the government's decision to impose covid restrictions, the industrial production rates suffered. The production rates did not reach their optimum levels even after the upliftment of restrictions due to the surging costs and demand destruction in downstream sectors. The price of feedstock ethylene declined, averaging 1166-1176 USD/MT CFR Northeast Asia and 1216-1226 USD/MT CFR Southeast Asia. However, despite the stagnant demand and relaxed feedstock prices, the prices of Butene remained afloat due to the abnormal inflation levels.
Europe
The European economy suffered the worst consequences of the Russian conquest of Ukraine. The acute energy crisis due to the soaring crude oil and gas prices, along with trade bottlenecks, triggered runaway inflation in the European domestic market.
The robust demand amid the high power and transportation costs caused the price trends of Butene to strengthen. However, during the second quarter, the butene prices stabilized slightly owing to the lowered feedstock ethylene prices averaging 1759-1768 USD/MT FD Northwest Europe.
North America
The price trends for Butene remained strong throughout the first half of the said year. Supply-side constraints, high freight charges, surging production costs, and labour shortages amid the robust downstream demand caused the prices of Butene to remain on the upwards trajectory.
Procurement Resource provides latest prices of Butene. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Butene is a hydrocarbon belonging to the group of alkenes with four carbons in the chain and a saturation (double bond) at the first position. It is a highly flammable, colorless gas with a distinct odor. Depending on the position of the double bond, different isomers can exist, each having its distinct properties. Butene is a gas at room temperature but can be liquefied by lowering the temperature or raising the pressure.
It is present as one of the minor constituents of crude oil, but it is not feasible for extraction; hence it is obtained by catalytic cracking of long chain hydrocarbons. Butene is used in several polymerization reactions, primarily in producing HDPE and LDPE.
Product Details
| Report Features | Details |
| Product Name | Butene |
| HS CODE | 29012300 |
| CAS Number | 106-98-9 |
| Industrial Uses | Polymers/Polyethene, Chemical Substrates, Rubber Processing Industries |
| Chemical Formula | C4H8 |
| Synonyms | But-1-ene, Ethyl ethylene, 1-Butylene |
| Molecular Weight | 56.11 g/mol |
| Supplier Database | Shell, Evonik, Mitsui Chemical, Sumitomo Chemical, Idemitsu Kosan, CNPC, SINOPEC |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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 Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Butene Production from Raffinate Streams; Butene Production from ethylene
The catalytic dimerization of ethylene in the presence of Ziegler catalyst to Butene is one of the most selective and economical routes to produce Butene. Dimerization reaction occurs in the liquid phase of the reactor and the pump around the loop. The feedstock ethylene enters the reactor, and the catalyst is injected into the pumps and coils, facilitating the reaction. Thus, the required product is removed from the reactor, and the effluents are drained and pumped into the catalyst removal section.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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