US Isopentane Prices Contradicts to Europe in February 2024, Grim Outlook Predicted

US Isopentane Prices Contradicts to Europe in February 2024, Grim Outlook Predicted

Emilia Jackson 23-Feb-2024

In February xxxx, the price of Isopentane in the United States diverges from the European market price due to various factors impacting both upstream and downstream segments. In the US market, prices increased by USD xx/MT, attributed to factors such as elevated raw material costs and higher freight charges. Naphtha, a key feedstock for Isopentane, experienced an increase of x.xxx in February xxxx, creating a significant impact on its derivatives. The surge in Isopentane prices in the US market is also characterized by steady demand from downstream sectors, particularly construction and automotive, driven by increasing production costs. The expanding construction sector, especially in emerging economies, is expected to fuel market growth in the coming period, supported by various new projects launched by the US government, including single-family house projects. This price surge is also attributed to fluctuations in crude oil, with the US WTI benchmark expressing a...

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