Texas (USA): In recent weeks, the United States has witnessed significant shifts in the market dynamics of n-butanol and iso-butanol, driven by a combination of factors including feedstock price increases, demand surges, and evolving downstream markets. The market responded to this situation following a recent announcement by a key player, OQ Chemicals, which declared a significant price increment in n-butanol and iso-butanol prices due to supply-demand dynamics. The company announced a price increase of USD xxx/MT for North and South American markets, effective from March x, xxxx.
One of the primary factors affecting the n-butanol and iso-butanol market is the shortage of feedstock, namely Propylene, due to the shutdown of production plants. In January xxxx, key market players including BASF SE, Dow Chemicals, ExxonMobil Chemicals, and Equistar Chemicals were forced to reduce operational capacity to xxx due to extreme adverse weather conditions. This shutdown led to a...
