China’s domestic butadiene market declined on January 22

Price Trend
The domestic butadiene market has been declining recently. As of January 22, the price of butadiene was 10 367 yuan/ton, up 12.77% from the same period last year, according to the monitoring of business associations.

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II. Analysis of Influencing Factors

Products: The domestic butadiene market has a strong wait-and-see atmosphere, butadiene pricing and sales of northern manufacturers, part of the downstream pre-holiday stock, manufacturers shipment situation is better, market operators offer limited. There is a strong wait-and-see atmosphere in the butadiene market in Shandong, and the shipment situation of the northern manufacturers is better, which supports the mindset of the market operators, but the market offer is scarce. Eastern China butadiene market information is limited, the market atmosphere is quiet, downstream sporadic just need inquiries. Asian closing price of butadiene, FOB Korea average offer $1145-1153 per ton; CFR China average offer $1195-1203 per ton.

Industry Chain: Styrene Butadiene Rubber: Although natural rubber futures are strong, the market of Styrene Butadiene Rubber (SBR) shows weakness due to the lower price and weak demand performance of the supplier. The quotations of the suppliers are declining, and a small amount of transactions are mostly just needed. Cis-butadiene rubber: Natural rubber is strong, but due to weak demand and lower prices of cis-butadiene rubber due to suppliers, the offer of manufacturers has declined, the transaction is flat, a small amount of trading is mostly just needed. SBS: Oil glue in domestic SBS market is weakening partially, and dry glue road is running smoothly.

3. Future Market Forecast

On the positive side, the external price is firm; the supply side of butadiene is tight; on the negative side, the downstream synthetic rubber market is insufficient to follow up. Business Association butadiene analysts expect that the short-term domestic butadiene market will maintain a consolidation trend, focusing on market turnover.

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