The domestic butadiene market continued to fall, and the European price fell sharply at the beginning of the week, which affected merchants’ concerns about the supply pressure of the global market. At the same time, the domestic northern spot resources were abundant, and the poor transaction dragged down the weak market. As the price of butadiene declines, the downstream will make up for bargains periodically.
According to the sample data monitored by the business community, from November 25 to December 2, the domestic butadiene market price fell from 6763 yuan/ton to 6366 yuan/ton, a 5.86% drop in the cycle, a 12.23% month on month decline and a 4.03% year-on-year increase. In terms of price, the delivery price in Shandong Luzhong area is 6500-6600 yuan/ton, and the self inquiry offer price in East China is 6000-6300 yuan/ton.
In terms of external market: the closing price on December 1, while the external price of butadiene in Asia was stable: FOB South Korea reported 745-755 dollars/ton; China CFR quoted 755-765 US dollars/ton. The external price of butadiene in Europe remained stable: FOB Rotterdam closed at 495-505 dollars/ton; FD Northwest Europe closed at 545-555 euros/ton.
Region./Country./Closing price./Up and down
Asia./FOB Korea./765-775 US dollars/ton./0 yuan/ton
Asia./CFR China./755-765 USD/ton./0 USD/ton
Europe and America./FOB Rotterdam./495-505 USD/ton./0 USD/ton
Europe./FD Northwest Europe./545-555 euros/ton./0 euros/ton
According to the monitoring of the business community, the price of cis-1,4-polybutadiene rubber in China decreased significantly, with the price of 11420 yuan/ton at the beginning of the week and 10890 yuan/ton at the weekend, a decrease of 4.63%.
The business community monitored that the price of domestic styrene butadiene rubber fluctuated slightly. The price at the beginning of the week was 10908 yuan/ton, while at the weekend it was 10859 yuan/ton, down 0.45%.
According to the monitoring of the business community, the price of nitrile rubber in China was narrowed down. The price was 15,125 yuan/ton at the beginning of the week and 15,149 yuan/ton at the weekend, up 0.16%.
As the price of butadiene drops to a low level, the downstream needs to follow up. On the other hand, some early maintenance devices will resume normal operation, and the market supply may be weak. Butadiene analysts from the business community expected that the short-term domestic butadiene market would be dominated by shocks.