First, the price trend
April 2019 Butadiene Market weakness finishing, business society monitoring shows that the price of butadiene at the beginning of the month is 8155 yuan/ton, the price of butadiene at the end of the month is 7834 yuan/ton, the decline of 3.94% in the month.
Prices are down 23.35% from a year earlier.
Ii. Analysis of influencing factors Products: This month, the domestic butadiene market weak finishing mainly, Sinopec price than the same period last month cut 400 yuan/ton to 8100 yuan/ton, Liaoning Tong chemical bidding floor price cut 600 yuan/ton to 7410 yuan/ton. This month, the supply side of butadiene market slightly supported, is the main reason to boost the market to stop and fall consolidation. Fushun Petrochemical Plant April 8-19th parking maintenance, coupled with the Liao Tong Chemical monthly pipe transmission increase, resulting in the reduction of external sales, while the northern downstream manufacturers just need to fill the warehouse, the market to bring a certain support. But within the month East China spot resources abundant, and late cargo continued to the port, so the market upward resistance is still obvious.
At the end of the month Fushun petrochemical plant resumed export, downstream manufacturers before the appropriate amount of filling positions, the market trading appears to improve, although the broker is stable, but with the stage just need to withdraw from the market, the northeast supply transaction is not smooth, the market atmosphere is still weak. Industrial chain: Butadiene Rubber: Although the day glue has rebounded, but the policy for Butadiene Rubber has suppressed, at the same time weak demand, weak butadiene, lack of confidence also has a restraint, butadiene rubber market presents a weak operation, some of the offer small decline, trading is small. Butadiene Rubber: Domestic butadiene rubber market weak shock market. Merchant offer prices are basically upside down, buyers continue to price purchases, negotiate prices generally upside down, private glue transaction prices are lower. SBS: Domestic SBS Market oil glue, dry rubber channel to change narrow finishing. Oil glue: Stable supply price, local inventory pressure, business pressure to open orders, shipments are not smooth, downstream shoe enterprises consume their own stock.
Dry glue Road Reform aspect: the supply price runs smoothly, the merchant maintains the profit shipment, the downstream road project waits for the fund to be in place, the demand can be the period. Industry: According to business price monitoring, in April 2019, commodity prices rose and fell in the chemical sector a total of 14 kinds of goods, including more than 5% of the total number of goods 8, accounting for the plate of 11.1% of goods monitored; The top 3 commodities were hydrochloric acid (51.06%), TDI (22.62%) , Ammonium chloride (17.79%). A total of 46 items fell in the ring, a total of 14 products fell above 5%, accounting for 19.4% of the number of goods monitored in the sector, and the first 3 of the decreases were formaldehyde (37%) (-19.79%), Trichloromethane (-13.78%) and sulfur (-12.36%).
This month all change to-0.84%.
Third, the forecast of the aftermarket After the market, the positive aspect: the North downstream existence must be just needed; Shandong some private enterprises butadiene device maintenance parking; Synthetic rubber profits are fair. Negative aspects: Lanzhou petrochemical Plant maintenance led to an increase in the residual amount of huanning coal butadiene; the supply of imported goods is still abundant; the Northeast manufacturers plant normal operation, the supply of continuous export; Inner Mongolia Yitai new device has the expectation of releasing production. Although the Northern Downstream festival before the existence of a certain replenishment, but Fushun Petrochemical continued export volume, the market supply end is still under pressure; with the parking and maintenance of Lanzhou petrochemical plant, the surplus of huanning coal butadiene increased, and the short-term domestic butadiene market spot supply has a certain increase in expectations. At the same time, Inner Mongolia Taihua 70,000 tons/year butadiene new device also recently produced production release expectations, coupled with Taiwan, Southeast Asia and Iran supply continued to Hong Kong, domestic butadiene market supply and demand fundamentals continue to be empty, business society butadiene Analysts expect that the short-term domestic butadiene market continues to continue the downward trend, Merchants are advised to pay careful attention to internal and external plate prices and transaction guidelines.
