First, the price trend
Butadiene market this week, the overall market rose broadly. The price of butadiene is 8867 yuan / ton, as of August 18, butadiene price of 9621 yuan / ton, the week rose 8.49%, prices rose 13.47% over the same period last year.
Second, the impact of factors
| PVA 1799 (PVA BF17) |
Products: Butadiene outside the trend continued upward this week, synthetic rubber market offer continued to pull up, strong performance of the rubber industry chain, butadiene market to promote the formation of the market. Week Sinopec sales company price increase this week, 700 yuan / ton to 9800 yuan / ton, northeast manufacturers have raised the price of two nodes, low inventory support industry mentality. Demand surface performance is stable, the real impetus is limited, the downstream mentality gradually return to caution, high-priced transactions have resistance to just want to buy the main.
Industrial chain: rubber industry chain continued upward trend, synthetic rubber market continues to pull up, coupled with the Northeast manufacturers to maintain low inventory, butadiene market is still good support. Shandong Witt Chemical Butadiene plant recently restart, the latter part of the export may be, in late August in early September a large number of cargo arrived in Asia, the spot tension or supplement, there are negative factors.
Macro: July 2017, the business community commodity supply and demand index (BCI) 0.39, were up 2.47%, reflecting the month of the manufacturing economy was expanding last month, the economy running smoothly.
Third, the market outlook forecast
The current downstream to consume pre-inventory-based, high resistance to the price, but by the tight supply and supply side price increase boost, the business community butadiene analysts expect domestic butadiene next week, gains.
| PVA 1788 (PVA BP17) |