Iso Butane Price Trend and Forecast

Iso Butane Regional Price Overview

Get the latest insights on price movement and trend analysis of Iso Butane in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Iso Butane Price Trend for Second Half of 2023

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Iso Butane prices were found to be oscillating throughout the given span of H2’23. Quarter three had a firm start in the Indian markets as the prices inched up from July to August, primarily because of the rise in the feedstock butane and crude oil prices in the country. However, the downstream demands did not incline in a similar manner as the manufacturing costs did.

The chemical and food sectors, in particular, were unable to provide any significant push to the Indian Iso Butane market. The prices wavered at the lower end of the spectrum for the next two to three months. Despite the sluggish consumption patterns, the high manufacturing costs kept the market range bound overall.
 

Iso Butane Price Chart

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Manufacturers acquired a wait and watch approach as the ambiguity persisted in the international markets as well. Production was restrained to manage the markets from the supply side. A supply crunch in the market again pivoted the price curve in an upward direction. Iso Butane prices started rising again as the peak winter months arrived amid the rising crude oil costs.

The commencement of the Israel-Hamas war also sparked tensions in the Middle East, which was also the crucial factor behind this shift in the petrochemical sectors. In the Indian Iso Butane market, the average monthly prices went from about 3185 USD/MT (CIF) in July’23 to around 3205 USD/MT (CIF) in December’23. Overall, a moderate market run was witnessed throughout the said period.

Analyst Insight

According to Procurement Resource, given the rising Middle Eastern tensions and their impact on global politics, the Iso Butane prices are likely to surge in the coming months as well.

Procurement Resource provides latest prices of Iso Butane. 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.