Global prices of Isobutylene have surged in Feb xxxx due to several contributing factors. A notable driver is the upward trend in crude oil prices and its derivative, which have led to an increase in the cost of raw materials for Isobutylene production. Additionally, there has been an uptrend in demand, particularly driven by rising prices of derivatives such as MTBE and Butyl rubber. This increased demand, coupled with low inventory levels, has further contributed to the rise in Isobutylene prices.
In the United States, Isobutylene prices saw a slight increase of xx from USD xxxx/MT to USD xxxx/MT in February xxxx. This uptick was primarily driven by a surge in demand and a reduction in domestic supply due to lower running rates among producers. The Isobutylene and Derivatives Market is currently experienced consistent growth, propelled by the increased need for lightweight and fuel-efficient vehicles. The demand...
