Price Trend

The domestic butadiene market has continued to decline recently. As of March 4, the price of butadiene was 9201 yuan/ton, according to the business association monitoring.

II. Analysis of Influencing Factors

Products: Domestic butadiene market continued to downward consolidation, Fushun Petrochemical export price slightly reduced, poor turnover, short-term short-term expectations led to cautious downstream inquiries, middleman offers follow the supply price slightly downward, and the market is full of sporadic low-price news. The delivery price in Shandong is 9000 yuan/ton. East China refers to 9300 yuan/ton. We will discuss it on a single basis. Asian closing price of butadiene, FOB Korea average offer $1120-1128 per ton; CFR China average offer $1155-1163 per ton.

Industry chain: styrene-butadiene rubber: domestic styrene-butadiene rubber market to maintain a weak and stable market. Businessmen offer stable, sporadic buyers on the market inquiries, the overall trading atmosphere is weak, most of the sources negotiate prices at the factory price, trading volume is small. Cis-butadiene rubber: The domestic cis-butadiene rubber market is stable. On-site wait-and-see atmosphere is strong, business offer is stable, sporadic buyers buy inquiries into the market, business shipments are not much, the overall turnover is not good. SBS: Domestic SBS market oil glue, dry glue narrow finishing, on-site business is flat.

3. Future Market Forecast

Northeast manufacturers export normally, the pressure on the supply side of the market still exists, coupled with the continued decline of the market aggravates the downstream cautious mentality, market turnover is difficult to release. Business community butadiene analysts predict that the domestic butadiene market is mainly weak in recent years, and suggest that attention should be paid to manufacturers’export prices and transaction guidelines.