Market Price of Butadiene

Price Trend

Recently, the domestic butadiene market has been tidied up slightly. As of August 15, the price of butadiene was 1,090 yuan/ton, up 18.85% annually and down 21.72% year-on-year, according to business association monitoring.

II. Analysis of Influencing Factors

Products: The domestic butadiene market is slightly consolidated. Although the supplier price has not been significantly adjusted for the time being, some business offers are relatively strong, but the downstream inquiry intention is weak, and sporadic negotiations are mainly low-end. Fushun Petrochemical announced its export plan, together with a certain amount of other export manufacturers, the expected increase in market supply is obvious; however, the downstream rubber market is weak, some private enterprises parked, the supply and demand fundamentals weakened, and the business mentality is empty.

On the market side, the butadiene market in East China is mainly consolidated. Although the downstream inquiry intention is not high, there is no obvious supply pressure in the region for the time being. The middlemen mainly wait and see for stable prices. The delivery of high-quality products to the offer is maintained at 10600-10700 yuan/ton, and the actual single negotiation is low-end. The market atmosphere of butadiene in North China is weak, the downstream inquiry atmosphere is low, the news of rubber market and terminal demand market is empty, and the turnover of foreign manufacturers is not good, which brings drag on the mentality of the merchants. The price of high-grade products is about 1,015 yuan/ton, which is negotiated separately.

Installation: Yangtze Petrochemical 220,000 tons/year plant, 3 # long-term shutdown; 1 # and 2 # total 120,000 tons/year plant normal operation; Zhenhai refinery and chemical 165,000 tons/year plant normal operation, mutual supply is the main, a small amount of export; Liaotong Petrochemical 120,000 tons/year butadiene plant normal operation, bidding export trading range 9510-9518 yuan/ton. Fushun Petrochemical 160,000 tons/year plant is in normal operation, and there is no export for the time being. The 100,000-ton/year oxidative dehydrogenation unit in Silbang, Jiangsu, stopped on July 29 and plans to restart.

3. Future Market Forecast

Although the short-term supply price of Sinopec is high, and domestic manufacturers have no obvious inventory pressure, the downstream trend of synthetic rubber is weak, and there is no lack of parking information for private enterprises, and the market supply and demand is weak. Fushun Petrochemical Restart Export, together with the rest of the northern manufacturers to maintain normal volume, the region is abundant in spot, business community butadiene analysts predict that the short-term domestic butadiene market is not lack of downward expectations, it is recommended to pay attention to the latest prices and turnover of manufacturers.