Raffinate Prices: Trends, Factors, and Market Outlook
Raffinate is a crucial byproduct in the oil refining and petrochemical industries. It is produced during the extraction of high-value products such as aromatics, gasoline, and other liquid fuels. Raffinate, in its simplest form, consists mainly of hydrocarbons that have been separated from more valuable compounds in the refining process. These hydrocarbons can be used as feedstocks for various other processes, or they can be further processed depending on the refining facility's goals. The price of raffinate is influenced by multiple factors, ranging from supply and demand to geopolitical shifts, refining capacity, and seasonal demand cycles. Get Real time Prices for Raffinate : https://www.chemanalyst.com/Pricing-data/raffinate-1175 Factors Influencing Raffinate Prices Crude Oil Prices: Raffinate prices are often directly correlated with crude oil prices . As crude oil prices rise or fall, so do the costs of extracting various products, including raffinate...