China butadiene market on February 26 has a strong wait-and-see atmosphere

Price Trend

Recently, the domestic butadiene market has a strong wait-and-see atmosphere. As of February 26, the price of butadiene was 9,445 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 and no business has been concluded in Fushun butadiene market. However, Panjin suspended export and supported the mindset of the traders. However, the downstream traders still have a cautious mindset, limited enthusiasm for receiving goods and poor market turnover. Shandong butadiene market has a strong wait-and-see atmosphere, Panjin suspended export, supporting the mindset of the industry, but the downstream cautious mindset is obvious, the transaction is general, and the offer is maintained and tidied up. East China butadiene market has a strong wait-and-see atmosphere, downstream inquiries are still cautious, market turnover is poor, and the offer is maintained. Asian closing price of butadiene, FOB Korea average offer $1110-1118 per ton; CFR China average offer $1130-1138 per ton.

Industry chain: styrene-butadiene rubber: due to rumors of price increases and butadiene external market is slightly stronger, domestic styrene-butadiene rubber market offers show a strong pattern, some of them even show an improvement, while the inquiry atmosphere has also improved, but the actual transaction is general. Cis-butadiene rubber: The domestic cis-butadiene rubber market is stable. The overall market offer price is stable, the overall inquiry atmosphere is not good, and the spot turnover is small. SBS: Oil glue price in domestic SBS market increased slightly, dry rubber duct was narrowed and the atmosphere was light.

3. Future Market Forecast

On the positive side, demand gradually recovered; Panjin suspended export. On the short side, the external price is weak and the supply side is abundant. 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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