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.
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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 Q1 2015
Raffinates 1 and 2 are by-products of ethylene and propylene production in a cracker via butadiene (BD) production. The European markets are structurally thin, as the volumes are kept 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 raffinate 2 and this is a feedstock for linear low density polyethylene (LLDPE).
Factor values for raffinate 1 increased in the fourth quarter of 2014, largely on the back of issues emanating from Shell’s Moerdijk, Netherlands site outage, and factor values are expected to remain firm relative to naphtha throughout the first quarter as the outage is ongoing. Otherwise, there is steady demand into the gasoline blending sector.
News & analysis
Raffinate 1 + 2 news & analysis
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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.