Raffinate 1 + 2 Prices, markets & analysis
If you buy or sell Raffinate 1 + 2 or related products, you need up-to-date global pricing data and the background information to help you understand it.
Our network of price reporters across Asia, Europe and the US enables us to deliver this. We publish their insights in our comprehensive daily and weekly price reports, plus we offer the news and analysis you need to put pricing information into context.
How we can help
Raffinate 1 + 2 news and market information products from ICIS
We offer the following regional Raffinate 1 + 2 analysis and news coverage to keep you informed of factors and developments affecting prices in the Raffinate 1 + 2 marketplace.
Price Reporting – More information about the price reports we publish on Raffinate 1 + 2
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Raffinate 1 + 2
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Raffinate 1 + 2
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Raffinate 1 + 2: Market overview
Updated to Q3 2014
Raffinates 1 and 2 are byproducts of ethylene and propylene production in a cracker via butadiene (BD) production. The European markets are structurally thin, as most companies keep them for captive use or are locked into long-term contracts.
Raffinate 1 is used in the manufacture of a variety of polymers, such as polyisobutylene (PIB) and butyl rubber as well as fuel components, such as methyl tertiary butyl ether (MTBE) and alkylate gasoline.
Raffinate 2’s main use is methyl ethyl ketone (MEK). Butene 1 can be extracted from it and this is a feedstock for linear low density polyethylene (LLDPE).
Values for both raffinates are expected to remain stable, driven primarily by steady demand into gasoline blending but if not raffinates can be utilised elsewhere. Crude C4 feedstock constraints, because of reduced operations at ethylene-led crackers and the shift elsewhere to lighter feedstocks that do not produce C4, could have an impact on supply but given the long-term contracted nature of the markets, little impact is expected on a spot basis.
News & analysis
Raffinate 1 + 2 news & analysis
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settlements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
- Spot and contract price assessments
- Market commentary on trends and developments
- Transactions reported and confirmed
- Plant and production news
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
Price forecast services
Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
Dashboard – Easy access to ICIS pricing data
ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.
ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
Supply and Demand Window on ICIS Dashboard
The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.
24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.
ICIS Chemical Business magazine
If you want to keep updated on the factors driving price movements in the global chemical markets, ICIS Chemical Business provides a summary of the information you need to support your business decisions. Every week, our global team of experts digests and summarises the key issues and their potential impact on the market – all in one magazine.
Market Studies & Analysis
ICIS publishes global annual studies, as well as dedicated reports on domestic China markets, which will help you navigate the complex petrochemical, oil and gas industries in the medium-to-long term. Our studies and reports provide expert analysis and forecast data on supply, demand, production and capacity for specific markets.
Supply & Demand Data
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
Training & Conferences
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
Find out more about ICIS training courses >>
ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.
Find out more about ICIS conferences >>
Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.
ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Raffinate 1 + 2, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
Raffinate 1 + 2 Methodology
About Raffinate 1 + 2
Raffinate 1 and 2 are the streams produced from the processing of crude C4 olefins made as a by-product of ethylene manufacture from the steam cracking of liquid hydrocarbons such as naphtha and gas oil. Crude C4s typically contain butadiene, isobutene (isobutylene), butene-1, butene-2 and butane.
After butadiene is extracted from the crude C4 olefins, the remaining mixture of products (isobutene, butene-1, butene-2 and butane) is called Raffinate 1. After isobutene is removed from the Raffinate 1 stream, the remaining mixture of products is called Raffinate 2.
Isobutene from the Raffinate 1 stream is used in the manufacture of a variety of polymers such as polyisobutene (PIB) and butyl rubber, and fuel components such as methyl tert-butyl ether (MTBE) and gasoline alkylate.
Major polymer end uses include sealing compounds and adhesives for plastic products, protective coatings and cable insulating materials.
The n-butene from the Raffinate 2 stream can be used in the manufacture methyl ethyl ketone (MEK). Butene-1 is used as a comonomer in the production of linear low density polyethylene (LLDPE). Butene-2 can be converted to propylene in a metathesis (olefins conversion) plant.