Price Trend
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Recently, the domestic butadiene market has a strong wait-and-see atmosphere. As of February 13, the price of butadiene was 9,971 yuan per ton, according to business association monitoring.
II. Analysis of Influencing Factors
Products: The domestic butadiene market has a strong wait-and-see atmosphere. The price of butadiene from northeastern manufacturers has been lowered, and the delivery of butadiene from manufacturers is not smooth, which drags the market down. The bearish mood of the industry is obvious, and the downstream demand recovery is slow. There is a strong wait-and-see atmosphere in the butadiene market in Shandong Province. The price of butadiene in Northeast China has been lowered, and the delivery of butadiene by manufacturers is not smooth, which drags down the market. The hollow state of butadiene industry is obvious. East China butadiene market has a strong wait-and-see atmosphere, and the industry is cautious. Asian closing price of butadiene, FOB Korea average offer $1110-1118 per ton; CFR China average offer $1095-1103 per ton.
Industry Chain: Styrene Butadiene Rubber: Shanghai Rubber is strong, and some enterprises have raised the price of some brands of Styrene Butadiene Rubber, but due to the poor butadiene, and because the industry is still in the process of returning to the market, the market of Styrene Butadiene Rubber is showing a shocky pattern, with little fluctuation in the offer and a small number of transactions. Cis-butadiene rubber: The domestic cis-butadiene rubber market is stable. With the increase of returning merchants, the offer increases and the price is stable. There are not many inquiries downstream, and the market is in a state of no market at all. SBS: There is no mainstream offer for oil glue and dry glue in domestic SBS market. Oil glue: PetroChina Eastern China and PetroChina North China oil glue slightly increased by 100 yuan/ton, but the merchants returned limited, wait-and-see mentality, downstream shoe enterprises during the holidays. In the aspect of dry rubber road reform, PetroChina has slightly increased its supply and price, and the merchants’mentality is flat. They are moderately single-minded and pay attention to the follow-up development of Sinopec dry rubber.
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3. Future Market Forecast
On the positive side, demand is expected to recover gradually; on the negative side, external prices are weak and supply is abundant. Business Association butadiene analysts expect that the short-term domestic butadiene market continues to weaken downward trend, focusing on market turnover.