Free Butanediol Price Trend and Forecast New York
- Location: New York, New York, NY, United States
In the North America, the Butanediol Price continued to increase since the beginning of Q1 of 2022. This rise was attributed to the strong demand from the derivative segments including Tetrahydrofuran and Polybutylene Terephthalate and PTMEG industry along with increased consumption in the downstream paints and coatings industry across the region. The global BDO, PTMEG and Spandex market witnessed modest growth in the United States. The continuing solid demand from downstream sectors and the PTMEG and PBAT resin markets remained another factor for price increments. Furthermore, upstream Crude oil volatility amidst the Russia-Ukraine war had a significant impact on pricing. In addition, with effect from January 1st, Ashland, a key player in the global market, has increased the pricing for all grades of BDO in the North American region the January 2022. The most recent estimate for March prices was USD 5510 per metric ton FOB Texas.
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