First, the price trend

Recently, the butadiene market has been ranked high. Business community monitoring showed that as of August 15, the price of butadiene was 12,890 yuan / ton, and the price rose by 45.36%.

Second, the analysis of influencing factors

Products: The domestic butadiene market is high-level, the low-cost supply in the market is hard to find, the traders offer relatively firm, and the downstream just needs to be consulted. Recently, the supply of butadiene market is still tight. Shandong’s butadiene market is highly stocked, and low-cost goods are hard to find in the market. Some private manufacturers offer 12,900 yuan/ton, and the downstream enquiry is still okay. The butadiene market in East China is sideways, the market inquiry atmosphere is acceptable, and traders are reluctant to sell at low prices. Asian butadiene closing price, FOB Korea average price of 1756 US dollars / ton; CFR China average price offer 1755.5 US dollars / ton.

Industry chain: In the downstream, the domestic styrene-butadiene rubber market fluctuated. Butadiene is strong to provide support, but due to weak and lack of confidence, the industry’s offer has fluctuated, trading a small amount and the actual transaction price in some areas is slightly loose. Butadiene rubber, the domestic market for butadiene rubber is stable. The on-market merchants’ orders were stable, and sporadic buyers entered the market for enquiries. The negotiated and transaction prices were compressed at 14,000 yuan/ton, and the trading volume was scarce. SBS: The domestic SBS market oil gel has fallen partially, and the dry rubber road has been upgraded to a high level. The atmosphere in the market is dull.

Third, the market outlook

On the positive side, the supply of butadiene market is still tight, and the operating load of some private enterprises is low. On the negative side, downstream buyers have limited ability to accept high prices, the price of US dollars is close to that of RMB, the window of export arbitrage is closed, the downstream synthetic rubber industry is in a downturn, and the downstream latex industry is in a downturn. The butadiene analysts of the business community expect that the supply of butadiene in the market is still tight, and the domestic butadiene market remains consolidating, paying attention to the actual transaction.