Butadiene price November 2024 and outlook (see chart below)
- North America:US$0.57/KG, 1.8% up
- Europe:US$1.12/KG, 1.8% up
- Northeast Asia:US$1.55/KG, -8.3% down
Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, or timeliness.
Butadiene price index
This post is a summary of the butadiene (1,3-butadiene or buta-1,3-diene) price developments. The price developments of butadiene are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Butadiene (1,3-butadiene or buta-1,3-diene) price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for butadiene prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of butadiene (1,3-butadiene or buta-1,3-diene) prices
- Recent price developments of underlying feedstocks which drive the price of butadiene
- Market futures for both cost drives and feedstocks of butadiene (1,3-butadiene or buta-1,3-diene) prices
- Adjustment of current supply/demand imbalances in the acetic acid market
- Longer term trends in likely demand conditions
Further information on the Butadiene price index
What is Butadiene
Butadiene (also known as buta-1,3-diene) is a chemical compound with the formula C4H6. It is a colorless gas at room temperature and has a sweet, pungent smell. Butadiene is highly reactive and can be dangerous if handled improperly.
Butadiene is produced from the cracking of naphtha, a liquid hydrocarbon mixture that is derived from petroleum. It is also produced from the cracking of natural gas liquids, such as propane and butane. Butadiene is an important feedstock for the production of a variety of chemicals, including synthetic rubber, plastics, resins, and fibers.
How is Butadiene produced
There are several methods for producing butadiene, including steam cracking, catalytic cracking, and gas phase cracking. The most common method for producing butadiene is steam cracking, which involves heating a feedstock, such as naphtha or natural gas liquids, to a high temperature in the presence of steam.
During steam cracking, the feedstock is broken down into smaller molecules, including butadiene. The butadiene is then separated from the other products and purified for use. Other methods for producing butadiene include catalytic cracking, which involves the use of a catalyst to facilitate the breakdown of the feedstock, and gas phase cracking, which involves the breakdown of the feedstock in the gas phase using heat and pressure.
It is worth noting that the production of butadiene is energy-intensive and generates a significant amount of greenhouse gas emissions. As a result, efforts are being made to develop more sustainable methods for producing butadiene and other chemicals.
What is Butadiene used for
Butadiene has a number of industrial uses, including:
Synthetic rubber production
Butadiene is used in the production of synthetic rubber, which is used to make tires, hoses, belts, and other rubber products.
Plastics production
Butadiene is used in the production of a variety of plastics, including polybutadiene, a type of rubber used in the production of sporting goods and automotive parts.
Resins production
Butadiene is used in the production of resins, which are used to make coatings, adhesives, and other products.
Fibers production
Butadiene is used in the production of fibers, including nylon and spandex.
Butadiene is also used as a chemical intermediate in the production of other chemicals, such as acrylonitrile and maleic anhydride.
What types of Butadiene are there
There are several types of butadiene that are used in industry and research:
Normal butadiene
This is the most common form of butadiene, with the formula C4H6. It is a colorless gas at room temperature and has a sweet, pungent smell.
Isoprene
This is a type of butadiene with the formula C5H8. It is a colorless liquid at room temperature and is used in the production of synthetic rubber, resins, and other chemicals.
Styrene-butadiene rubber (SBR)
This is a synthetic rubber that is produced by copolymerizing butadiene with styrene. It is used in the production of tires, hoses, belts, and other rubber products.
Polybutadiene
This is a type of polymer that is produced from butadiene monomers. It is used in the production of rubber products, coatings, and adhesives.
Acrylonitrile-butadiene rubber (NBR)
This is a synthetic rubber that is produced by copolymerizing butadiene with acrylonitrile. It is used in the production of seals, gaskets, hoses, and other rubber products.
Butadiene derivatives
Butadiene can also be used to produce a variety of derivatives, including butadiene-based resins, fibers, and plastics.
How big is the Butadiene market
The global butadiene market is valued at billions of dollars and is expected to continue to grow in the coming years due to the increasing demand for synthetic rubber, plastics, and other butadiene-based products. The Asia-Pacific region is the largest market for butadiene, followed by Europe and North America.
The demand for butadiene is driven by a number of factors, including the growing demand for synthetic rubber, particularly in the automotive and construction industries, and the increasing demand for butadiene-based plastics and resins in a variety of applications.
According to https://oec.world/ :
Buta-1, 3-diene and isoprene are the world’s 1429th most traded product.
In 2020, the top exporters of Buta-1, 3-diene and isoprene were Netherlands ($314M), Germany ($197M), Brazil ($119M), South Korea ($114M), and Singapore ($103M).
In 2020, the top importers of Buta-1, 3-diene and isoprene were South Korea ($277M), China ($219M), United States ($194M), Netherlands ($145M), and Chinese Taipei ($140M).
Further information
NEED A QUICK DOWNLOAD?
ACCESS TO OUR FULL DATABASE IS US$399/YEAR, WITH A 30-DAY $30 TRIAL
GET THAT DOWNLOAD IN 3 MINUTES!
BusinessAnalytiq provides a database of hundreds of market & price trend data, as well as online tools to set up benchmarks and leading indicators.
Where does the data come from?
- The source of the data are exclusively public non-confidential sources. We have no access to primary data
- This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
- The data is a combination of contract and spot pricing
- Our algorithms are set up to eliminate significant product mix impact on the reported price
- We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
- The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
- For most indexes we have multiple sources and we focus on using statistically-correlated sources
- As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
- We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
- The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
- The data is presented in US$. The UOM of measure is shown in the Index list table
- Our automated software and we do our best to create an accurate representation of the trend
Where does the data NOT come from?
- We do not purchase data from any other source and republish it.
- We will not purchase data from any other source and republish it
- We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators
What data should our company use?
- If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
- Our data, at best, represents an estimate of the market trend based on public information
- We have no direct access to the market, and we do not interview suppliers and customers
- Our automated analysis tools in the online software are set up to combine our data with other sources of data
- We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data
What does the quality indication in the main menu mean?
- Quality level A: Data is from a reliable and confirmed source
- Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
- Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
- Quality level D: Data is from a single credible source, but we cannot verify the data
- Quality level E: Data is either:
- From a single source, which we consider reliable, but we cannot verify the data.
- From 2 or more sources which have some periods of contradicting trends.
- Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.
What are the disclaimers?
- We assume no responsibility or liability for any errors or omissions in the content of this site.
- The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
- By their nature, outlooks are always uncertain
How often do we update the data?
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
- The data for the current month and recent history are fine-tuned over time.
What are we doing to improve the data?
- We are continually improving our data collection and processing methods
- Pricing data will be updated from time to time as we improve the accuracy
- We are reviewing all data sources in the first half of 2024.
- There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
- The key focus in 2024 is to add many additional indexes
How can i give feedback on the data or request for new indexes
- Feel free to contact us if you have a specific request. You can reach us via the Contact us page