In the first half of 2023, the price trend of butane in Asia, Europe, and North America faced challenges stemming from global economic weaknesses and specific regional factors. In Asia, slow recovery and high Russian imports led to rising inventories, while weak economic growth and reduced demand from downstream sectors affected butane prices.
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In Europe, high inflation, trade sanctions, and weak demand exerted pressure on butane prices, exacerbated by a feeble currency situation. North America experienced price volatility, shifting demand, unemployment rises, and declining production, with sporadic signs of improvement but overall influenced by a weak economic environment. These factors collectively impacted butane prices across these regions.
Definition
Butane is a hydrocarbon gas with the chemical formula C4H10, consisting of four carbon atoms and ten hydrogen atoms. It is a flammable, colorless gas at room temperature and pressure. Butane is commonly used as a fuel due to its high energy content and is often found in portable canisters for stoves, lighters, and torches. It is known for its low boiling point, making it easily vaporized for combustion. Butane is odorless, and an odorant is often added for safety. It is highly flammable and should be handled with care.
Key Details About the Butane Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Butane in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Butane Price chart, including India Butane price, USA Butane price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Butane Price Trend:
Butane, a hydrocarbon gas composed of four carbon atoms and ten hydrogen atoms (C4H10), serves various crucial industrial purposes. Its flammable nature and high energy content make it a valuable fuel source. Butane is commonly used in portable stoves, lighters, and torches, catering to outdoor enthusiasts, campers, and industries requiring portable heating or power sources. Additionally, it plays a role in aerosol propellants, serving as a vehicle to expel various products like deodorants and paints from containers. Chemical processes utilize butane as a feedstock for producing essential compounds, including butadiene for synthetic rubber. Its versatility and combustion properties render butane indispensable in multiple industrial applications.
Key Players:
- Merck KGaA
- Exxon Mobil Corporation
- Chevron Phillips Chemical Company LLC
- BP plc
- Shell plc
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