The domestic butadiene market has been on the sidelines recently. As of January 29, the price of butadiene was 10,223 yuan per ton, according to business association monitoring.
II. Analysis of Influencing Factors
Products: The domestic butadiene market has a strong wait-and-see atmosphere, the price of butadiene from northern manufacturers has fallen, dragging down the market, the industry’s initiative to offer is limited, downstream work has been shut down for holidays, the market demand is weak, weak turnover, it is expected that the short-term domestic butadiene market will continue to be weak, pay attention to market turnover. There is a strong wait-and-see atmosphere in the butadiene market in Shandong, and there is no supply pressure on the site for the time being, but downstream traders are more cautious about receiving goods. Eastern China butadiene market atmosphere is general, lack of information guidance, downstream inquiries are limited, and market offers are maintained. Asian closing price of butadiene, FOB Korea average offer of $1125-1133 per ton; CFR China average offer of $1145-1153 per ton.
Industry Chain: Styrene-butadiene rubber: Domestic market of Styrene-butadiene rubber shows a stable trend, business offer is not much, sporadic business offer is stable, inquiry atmosphere is weak, lack of real trading. Cis-butadiene rubber: The domestic cis-butadiene rubber market is stable. On-site vendors offer little, market inquiries are scarce, and spot turnover is limited. SBS: Domestic SBS market oil glue low finishing, dry rubber road smooth operation. In the short term, the oil-rubber and dry-rubber pipelines will maintain smooth operation.
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 predict that the domestic butadiene market or the stock market may decline, focusing on market turnover.