Price Trend

In recent years, domestic butadiene market declined mainly. As of March 14, the price of butadiene was 9112 yuan per ton, according to the business association monitoring.

II. Analysis of Influencing Factors

Products: Domestic butadiene market continued to decline mainly, Fushun Petrochemical export growth, supply prices continued to decline slightly, but the downstream of the current price of raw materials to accept limited, leading to repeated outflows of export sources, aggravating the market bearish atmosphere. Middlemen often offer according to the price level of Northeast manufacturers. The price delivered to Shandong is 8600-8800 yuan/ton. East China refers to 9100 yuan/ton. Downstream is cautious and seldom heard of.

Industry chain: styrene-butadiene rubber: due to the slight rebound of natural rubber and the stabilization of butadiene inner disc, inquiries for styrene-butadiene rubber increased slightly in some areas, but the actual price of contact is serious. Some enterprises such as Sinopec cut the price of styrene-butadiene rubber, and the market quotation fell. The actual trade only improved slightly in some areas, but it was still poor in most areas. Cis-butadiene rubber: The domestic market of cis-butadiene rubber is weak. The supplier lowered the price of cis-butadiene rubber, and the merchant’s offer price followed up the decline. The inquiry intention of the buyers on the spot increased slightly, while the price of some commodity sources was still hanging upside down. Market wait-and-see atmosphere is strong. After price reduction, market turnover is still poor. Market prices fluctuate slightly around ex-factory prices. SBS: Domestic SBS market oil glue, dry glue narrow finishing, on-site business is flat.

3. Future Market Forecast

Domestic butadiene market atmosphere is insufficient, although the northern factory slightly increased, but the on-site inquiry atmosphere is light, the actual single transaction is sluggish. And downstream synthetic rubber fell, suppressing the mindset of the industry. Although some downstream just need to be purchased, the overall supply side of the market is still abundant, and the market support is limited. Business analysts expect that the domestic butadiene market will continue to downward consolidation. It is suggested that attention should be paid to manufacturers’prices and transaction guidelines.