China’s domestic butadiene market is in short supply on August 23

First, the price trend

Recently, the butadiene market is in short supply and the market price is further higher. Business community monitoring showed that as of August 23, the price of butadiene was 13,150 yuan / ton, and the price rose by 31.62%.

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Second, the analysis of influencing factors

Products: domestic butadiene market price is scarce, market supply is in short supply, and it is heard that the northern source of goods is sent to East China, the transaction price is 14100-14200 yuan / ton, downstream buyers maintain just need to purchase. At present, the supply of goods in the domestic market continues to be tight. Only a few manufacturers in the north are exporting normally. It is expected that the market for butadiene will be high in the short term, focusing on the downstream market. The market price of butadiene in Shandong is scarce, and the supply of goods in the market is in short supply. It is heard that the northern source of goods has been delivered at a price of 14100-14200 yuan/ton, and downstream buyers just need to purchase. The market for butadiene in East China is relatively stable, traders are reluctant to sell at low prices, and the overall market trading atmosphere is relatively light.

Industry chain: downstream, styrene-butadiene rubber: domestic styrene-butadiene rubber market rebounded, the industry’s offer has gradually increased to above the ex-factory price and a small increase. Butadiene rubber, the domestic butadiene rubber market showed a rising market. The overall offer price of the market rose, and some merchants offered a price of 14,000 yuan / ton. On-site sporadic merchant purchases, the transaction price increased. SBS: Domestic SBS market oil glue, dry rubber roads are narrowly adjusted, and downstream purchases are on demand.

Third, the market outlook

On the positive side, the supply of butadiene market is still tight, and the operating load of some private enterprises is low, and the supply price of some large areas of Sinopec is raised. On the bearish side, downstream buyers are close to the high-priced acceptance capacity of the US dollar and the RMB price, and the export arbitrage window is closed; the downstream synthetic rubber industry is in a downturn. The butadiene analysts of the business community expect that the market for butadiene will be high and the downstream market will be concerned.

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