I. price trend

Recently, China’s domestic butadiene market has been weak. As of November 12, the price of butadiene was 8790 yuan / ton, down 23.98% on a month on month basis and 12.98% on a year-on-year basis, according to the monitoring of business club.

II. Analysis of influencing factors

Products: the domestic butadiene market is weak, the downstream inquiry intention is low, the North just needs to support the market is limited, the price of the northern export manufacturers is lowered, dragging the market down. The delivery price of superior products in Shandong Province is 9400-9500 yuan / ton, and the price in East China is about 9500 yuan / ton. The weak market drags merchants’ mentality, and the actual order transaction is limited.

In terms of market, the butadiene market in Shandong Province has been in a downward trend. Prices of some manufacturers in the north have been lowered, and the offers of middlemen have been lowered. The price of superior products is about 9200-9300 yuan / ton. The downstream is still cautious, and some of them pay attention to the latest price guidance of suppliers in the afternoon. The inquiry atmosphere of butadiene market in East China is weak, and the middleman has no intention to lower the offer. The price of superior products is about 9400 yuan / ton, and the actual order is waiting to be seen. Affected by the atmosphere in the north, the downstream inquiry intention is in a low state.

In terms of units: Yangzi Petrochemical’s 220000 T / a unit, 3 × long-term shutdown; 1 × 120000 T / a unit and 2 × 120000 T / a unit are in normal operation; Zhenhai Refining and chemical’s 165000 T / a unit is in normal operation, mainly for mutual supply, with a small amount of export; Jiangsu silbang’s 100000 t / a oxidation and dehydrogenation unit is in normal operation, with supply contract. Inner Mongolia Jiutai 70000 T / a unit is in normal operation and the goods are exported normally.

III. future forecast

Butadiene external market continued to decline, and the trend of downstream product market was not good, and butadiene spot market was short of sustained support. With the price correction of some manufacturers, butadiene analysts of the business agency predicted that the short-term domestic butadiene market was not short of a small downward consolidation expectation. It is recommended to note the information of domestic manufacturers’ devices and price guidance.