Price Trend
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The domestic butadiene market is strong recently. As of May 15, the price of butadiene was 8028 yuan per ton, according to the monitoring of business associations.
II. Analysis of Influencing Factors
Products: Domestic butadiene market is firm and tidy. The high turnover of Northeast supply drives the supply price of other export manufacturers to keep up with the increase. It is difficult to find low-price supply in the market, and the middleman’s offer is relatively firm. Shandong area sent quotation reference 8850-8900 yuan/ton, East China in 8600-8700 yuan/ton, although the downstream transaction follow-up is temporarily limited, but there is no low-price supply premise, some just need passive acceptance.
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On the market side, the reference price of butadiene in East China is around 8600-8700 yuan/ton. Businessmen are more cautious in their offer and have a poor intention to deliver at a low price. Negotiate on a single basis. North China butadiene market quotation is around 8900-9000 yuan/ton. Businessmen offer firm, low price and sells at a low price. Sporadic quotations have been heard to keep up, but downstream just need to buy mainly and negotiate with each other.
Industry chain: downstream synthetic rubber, Qilu styrene-butadiene rubber 1502 price at 1,1200 yuan/ton, Qilushun butadiene rubber market price at 1,1300 yuan/ton, Tianguo futures closed down, the overall trend of the rubber industry chain is weak, it is still difficult to support the butadiene market.
3. Future Market Forecast
Domestic butadiene manufacturers’prices go up, low-price supply is hard to find, but short-term turnover is difficult to release. In addition, the downstream rubber market is weak, the market is empty and good game, or will aggravate the prudent mentality of businessmen. In view of the short-term no obvious low-price supply outflow, butadiene analysts of business associations expect that the short-term domestic butadiene Market will be maintained for the time being, and suggest that attention should be paid to the closing situation.
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