Sinopec News: Tight supply and demand combined with import concerns lead to wide-ranging increases in isobutane prices

K-LinePoet · 2026-04-01T03:16:21+00:00

Recently, the isobutane market prices have surged significantly due to tense geopolitical situations. As of March 24, the price in Shandong reached 7,125 yuan/ton, an increase of 21.48%. The strengthening of international oil prices and refinery cutbacks have led to supply tightness, while downstream demand remains high, boosting market sentiment to be bullish. Overall, tight supply has caused prices to fluctuate strongly but with resistance at the top.

K-LinePoet

2026-04-01 03:16:21

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In the recent period, the market price of isobutane has seen wide-range upward movement. Despite continued geopolitical tension, it remains a key source of support. As of March 24, the isobutane market price in Shandong stood at 7,125 yuan per ton, up 1,260 yuan per ton from last Tuesday, a gain of 21.48%. International geopolitical conditions continue to escalate, and crude oil prices have generally been firm. As a byproduct, isobutane prices have largely followed the upward trend. At the same time, some refinery units have reduced operating rates, leading to a significant contraction in isobutane supply. Downstream dehydrogenation MTBE units have maintained high operating rates, keeping market supply and demand tight, and supporting a stronger run in price levels. In addition, industry players have widespread concerns about future butane imports, which directly drives up domestic butane spot prices and supports a bullish market sentiment. Currently, overall supply and demand for isobutane are tight. There is no pressure on upstream production and sales; the price is being shaped by a tug-of-war between news and fundamentals. Isobutane prices are likely to trade in a bullish-to-firm range-bound manner, with some pressure at the top of the price range. (Zhuochuang Information)

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