Butadiene market declined in a stepwise manner

According to the monitoring of the Business News Agency, the market price of butadiene declined in a ladder. From March 6 to 10, the domestic market price of butadiene fell from 9450 yuan/ton to 9166 yuan/ton, with a price decline of 3.00% during the cycle, a price decline of 3.70% month-on-month and a year-on-year decline of 1.29%. The supply side has increased, and it is difficult for downstream rigid demand to provide effective support, and the market continues to decline. The butadiene market gradually weakened.


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In terms of cost and crude oil: the international oil price fell, and the main negative factors were: the market worried that the Federal Reserve would raise interest rates or turn to more aggressive strategies, which would put pressure on the economy and demand. In terms of naphtha, the profit of downstream ethylene cracking unit improved slightly, but the news of demand improvement has not been released. Gasoline shocks have been sorted out, and the naphtha market continues to run at a high level.


On the supply side, the listed price of butadiene of Sinopec’s sales companies has been reduced by 600 yuan/ton to 9200 yuan/ton. The 30000t/a butadiene unit of Liaoyang Petrochemical Plant is in stable operation, and 200 tons of goods are sold at competitive price for export. The transaction price is 8680 yuan/ton. Butadiene supply side was negative.


On the demand side, the raw material butadiene market fell, and the synthetic rubber market fell, but there was no obvious positive boost on the demand side. The demand for butadiene is weak.


In terms of external market: the closing price of butadiene in Asia was stable on March 9: the FOB price in South Korea was 1175-1185 US dollars/ton,; China CFR News 1195-1205 USD/ton. The external price of butadiene in Europe remained stable: FOB Rotterdam closed at 845-855 US dollars/ton; FD Northwest Europe closed at 875-885 euros/ton.


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Region/ Country/ Closing price/ Up and down

Asia/ FOB Korea/ 1175-1185 US dollars/ton/ 0 yuan/ton

Asia/ CFR China/1195-1205 USD/ton/ 0 USD/ton

Europe and America/ FOB Rotterdam/ 845-855 dollars/ton/ 0 USD/ton

Europe/ FD Northwest Europe/ 875-885 euros/ton/ 0 Euro/ton

In the future, it is predicted that the short-term supply increment is less than expected due to the continued impact of device restart. Downstream product prices fell, and profits remained under pressure. Butadiene analysts of the Business Agency predict that the domestic butadiene market will be dominated by weak consolidation in the short term.


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