Argus DeWitt launches butadiene annual
Houston, 31 March 2014
Global energy and commodity price reporting agency Argus has launched the 2012/2013 Argus DeWitt Butadiene Annual. This publication provides a comprehensive overview of global supply and demand fundamentals, trade patterns and balances for butadiene and key derivatives.
The global butadiene market has seen an unusual amount of volatility over the last year. This report indicates that while some supply issues are being addressed by the addition of new capacity in Europe and Asia-Pacific, demand growth in Asia-Pacific is not keeping up with capacity expansion for butadiene and major derivatives, thereby putting pressure on global market prices.
The 2012/2013 Argus DeWitt Butadiene Annual identifies a number of key trends that will have an impact on global markets and supply dynamics in the 2014-17 forecast period, including:
- US importers will find more butadiene on the market but less C4s, as a result of new butadiene capacity that will come on line in Europe in 2014 and 2015.
- New butadiene rubber (BR) and styrene butadiene rubber (SBR) capacity coming on line in Singapore in 2014 and 2015 will drastically reduce butadiene exports, creating a BD supply problem for South Korea.
- China will continue to be the world’s largest butadiene consumer with, demand growing at 5pc/yr in 2014-17.
- Most of the global growth in butadiene demand, especially for SBR and BR, will be in Asia-Pacific. But higher regional production may create surpluses of these derivatives at times, which may be exported to the US to support new tire plants.
Argus Media chairman and chief executive Adrian Binks said: “We are pleased to announce the launch of the 2012/2013 Argus DeWitt Butadiene Annual. Its publication comes at an important time for global butadiene markets, which are undergoing a dynamic shift in pattern."
Argus, through its purchases of DeWitt and Jim Jordan & Associates (JJ&A) offers a full range of international petrochemical services. Argus DeWitt reports cover global trade and pricing for aromatics, olefins, butadiene, methanol, MTBE, hydrocarbon resins and other petrochemicals. Argus DeWitt publishes nearly 200 price references, which are widely used in index pricing and for analytical purposes. In addition to reports, Argus DeWitt provides consulting services and publishes multi-client studies.
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About Argus Media
Argus is an independent media organization with almost 600 full time staff. It is headquartered in London and has offices in each of the world’s principal commodity centers. Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyze market and industry trends.
More than half of Argus employees are commodity journalists who specialize in reporting news and price information relating to physical energy and related commodity markets. They operate according to a rigorous Editorial Code of Conduct and a compliance and ethics Policy that align with best journalistic practice, including the avoidance of conflicts of interest.
Argus is a leading provider of data on prices and fundamentals, news, analysis, consultancy services and conferences for the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer, petrochemical, metals and transportation industries. Data provided by Argus are widely used for indexation of physical trade. Companies, governments and international agencies use Argus information for analysis and planning purposes.
Argus has 19 offices globally, including London, Houston, Washington, New York, Calgary, Rio de Janeiro, Singapore, Dubai, Beijing, Tokyo, Sydney, Moscow, Astana and other key centers of the commodity industries. Argus was founded in 1970 and is a privately held UK-registered company.