Title: Butadiene Prices (BD) Prices, News, Demand and Supply | ChemAnalyst
1Butadiene Prices Overview
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Market Overview Quarterly Update on Global
Butadiene Market Asia Butadiene demand
across Asia remained subjected to strong
fluctuations hit by a possible decline in in the
production at the downstream synthetic rubber
market. Prices remained oscillating between
crests and troughs as producers faced supply
constraints amid dampened demand from the
downstream synthetic rubber producers. Get more
info https//www.chemanalyst.com/Pricing-data/bu
tadiene-56
2Butadiene Prices Overview
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By the end of August, spot BD prices in China
surged to USD 830 per tonne, showing a
double-digit increase from the start of the
month. In the northeast Asia, spot BD offers were
raised by about 17.5 from the levels observed in
July, with producers striving to widen product
margins amid players longing for a much-needed
revival in the downstream rubber sectors. Market
outlook remained under pressure amid
anticipations that the Butadiene supply in China
will grow with new capacities coming on stream in
the fourth quarter. In September however, new
supply hit the market as Liaoning Bora
LyondellBasells plant started production of BD
in the Liaoning province of northeastern China
and started auctioning cargoes. North
America Butadiene supply remained mixed because
of the resumption in downstream operations and
unexpected outages created uncertainty over
Product availability remained tighter because one
of the largest BD producers, BASF Total, turned
around its US Port Arthur, Texas steam cracker
for a larger part of the quarter, thereby
affecting the export activity. The resumption of
several downstream Styrene Butadiene Rubber (SBR)
plants and tyre manufacturing units after
Hurricane Laura added to the production losses
pressured the BD producers to ramp up run rates.
The news of one of the largest BD consumers,
INVISTA shutting its 480 KTPA Texas Adiponitrile
site pressured the sentiments. As the US
automotive sector started clawing back to recover
the losses, demand picked up from August onwards,
causing prices to register strong quarterly gains
to assess around USD 685 per tonne FOB US Gulf in
September. Europe Butadiene supply was
weighed under the demand downturn at the start of
Q3, but some unexpected C-4 cracker shutdowns
helped in offsetting the market surplus.
3Butadiene Prices Overview
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Towards the end of Q3, demand started to pick up
the lost uptrend in line with increasing
downstream tire and automobile production though
producers remained wary about the overall
recovery until the COVID-19 pandemic abated.
Inventory levels were low as several synthetic
rubber producers were able to ramp rates up. As
per market estimates, the European market in Q3
was primarily driven by the buoyant demand from
Asia which was heard turning more positive than
in the last five months. How we can
help ChemAnalyst addresses the key problematic
areas and risks associated with chemical and
petrochemical business globally and enables the
decision-maker to make smart choices. It
identifies and analyses factors such as
geopolitical risks, environmental risks, raw
material availability, supply chain
functionality, disruption in technology and so
on. It targets market volatility and ensures
clients navigate through challenges and pitfalls
in an efficient and agile manner. Timeliness and
accuracy of data has been the core competency of
ChemAnalyst, benefitting domestic as well as
global industry in tuning in to the real-time
data points to execute multi-billion-dollar
projects globally. Methodology ChemAnalyst
gathers information through primary research
surveys conducted with various Butadiene
manufacturers, spread across the domestic and
international market, suppliers and
dealers/distributors to gain insights
into value-chains and demand-supply scenario to
assess the market situation. Thorough study of
companys annual reports and secondary sources
such as exhaustive search on credible paid
databases, including our internal database is
done to verify the information. All the collected
information is analyzed, evaluated and presented
in chronological order to depict a meaningful and
clear picture of the concerned market.
4Butadiene Prices Overview
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Our dedicated team of industry experts
comprehensively monitors and analyzes various
aspects of the Global Butadiene market. The team
analyzes various industrial segments, strategic
viewpoints and provides an analysis of the
industrys performance in the long run. This
would enable our clients in efficiently plan
their future investments, mitigate risk,
understand the cost dynamics and strike out a
balance amidst market volatility. Critical
examination of the impact of COVID-19 pandemic on
the global supply chains and shift in demand
patterns with change in buying behavior of
consumers across the globe. Several ongoing
development projects across industries are
tracked, followed by the details of major
projects in the development stage, which can
positively or negatively influence Global
Butadiene market. Pricing is captured
through exhaustive primary interviews with
domestic and international manufacturers, traders
and importers and customers on monthly and yearly
basis. Finally, region-specific markets for
Butadiene are analyzed and region-wise demand
pattern is tracked.
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5Butadiene Prices Overview
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About Butadiene (BD) is flammable, colorless
gas with a mild aromatic odor. It is readily
soluble in alcohol and ether, insoluble in water
and readily polymerizes in the presence of
oxygen. One of the most important use of
Butadiene is in the manufacture of synthetic
rubber such as styrene-butadiene rubber (SBR),
nitrile butadiene rubbers (NBR), polybutadiene
rubber (PBR) (Cis-polybutadiene and
trans-polybutadiene) and other elastomeric
formulations with specific properties. PBR and
SBR accounts for nearly 55 of the global
Butadiene demand. Other large consuming segments
include Acrylonitrile Butadiene Styrene (ABS),
Polychloroprene, and Adiponitrile (feedstock for
Nylon -6,6). Butadiene is also used extensively
for various polymerization reactions during
plastics manufacturing. Butadiene is commonly
produced via two routes (1) as a by-product
during production of Ethylene and Propylene
production wherein the crude C4 stream is
isolated from steam cracking process and is fed
to extract Butadiene from the other C4s via
extractive distillation. (2) by dehydrogenation
of n-Butane or n-Butene which are obtained from
steam crackers or C4 refinery streams. Leading
licensors of the production technology for
Butadiene include-Shell, BASF and Nippon-Zeon.