Butane Price History & Forecast
Historical Prices in United States, Netherlands, Japan, India & Forecast
About Butane. Butane is any saturated hydrocarbon containing 4 carbons - n-butane and isobutane. Butanes are hydrocarbons highly flammable and explosive. They are mainly used as a fuel, in both gaseous and liquid form, and in the synthesis of other organic compounds, especially synthetic rubber and high-octane liquid fuels used in aviation. Occurring in natural gas and in crude oil, butanes are obtained mainly during the separation of natural gas into its components. The mixture of butane and propane is commercially referred as liquefied petroleum gas (or LPG).
Chart Description. The chart above presents indicative transaction prices, as indicated below:
- Brazil: bulk quantities of liquefied butanes (both n- and iso-butane), import price, CIF (last month is preliminary)
- Netherlands: bulk quantities of liquefied butanes (both n- and iso-butane), import price, CIF (recent three months are preliminary + 9-month forecast)
- United States: Mont Belvieu normal butane, export price, FOB (9-month forecast)
- Japan: bulk quantities of liquefied butanes (both n- and iso-butane), import price, CIF (recent two months are preliminary + 9-month forecast)
- India: bulk quantities of liquefied butanes (both n- and iso-butane), import price, CIF (recent three months are preliminary)
The prices shown are average transaction prices, defined based on data reported in official trade statistics issued by the indicated countries. Such prices are indicative and do not necessarily characterize particular contract prices, spot transactions or spot bids in the locations specified. Rather, they reflect the average values practiced and are treated in order to remove outliers, in cases where significant distortions from historical tendencies are verified. Outlying prices may occur when quantities traded are small, in cases of errors in the trade statistics or price data reported, or when prices between specific countries (or companies in different countries) are differentiated.
When the release of official statistics of a given chemical is delayed, preliminary prices may also encompass estimations made by Intratec. Such estimations are based on prices fluctuations of (i) main raw materials employed in the production of that chemical; and/or (ii) main products manufactured from that chemical.
The forecast prices presented are based on estimates made by Intratec. Such estimates are derived from correlations with forecasts for (i) prices of main raw materials employed in the production of the chemical; (ii) main products manufactured from the chemical; and/or (iii) official industry/economic indexes.
Finally, prices are expressed considering the International Chamber of Commerce’s Incoterms (FOB - Free on Board;; CIF - Cost, Insurance & Freight; DEL - Delivered), which indicate which costs that price includes. Unless otherwise stated, prices do not include Value Added Tax (VAT). All figures are quoted in US dollars per metric ton (USD/mt).
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