The domestic butadiene market continued to rise. According to the price monitored by the business agency, the domestic butadiene market price was 5387 yuan / ton at the beginning of the week, and 5625 yuan / ton at the weekend, with an increase of 4.41% during the week. The price was 26.37% higher than that of the same period last month and 46.09% lower than that of the same period last year.
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This week, the domestic butadiene market recovered its upward trend. The favorable external market continued to rise, bringing a significant boost to the domestic market; the supply of domestic production enterprises was tight, and the quotation of Sinopec continued to rise, while the ex factory quotation of other manufacturers increased. Moreover, the export volume of northern manufacturers was limited, and the market low-cost supply was hard to find. The price of synthetic rubber increased in the middle and later period of the week, and the merchants had certain psychological expectation that the butadiene supply price of Sinopec would continue to rise. Although the transaction was followed up slowly, the market quotation was still high.
In terms of enterprises, Sinopec increased the price of butadiene in East China by 300 yuan / ton, and implemented 5700 yuan / ton from September 1. Dalian Hengli butadiene plant is in stable operation. As of September 3, the listing price was 5310 yuan / ton, up 250 yuan / ton month on month. North China brocade still has no supply online auction, and a small amount of goods were sold offline on August 31. The 70000 T / a oxidative dehydrogenation unit in Jiutai, Inner Mongolia, was restarted on September 1, and the quoted price was 5600 yuan / T as of September 3.
Industrial chain: styrene butadiene rubber: this week, the market of styrene butadiene rubber rose slightly. As of September 4, the reference price of styrene butadiene rubber was 8558.33 yuan / ton, which was 3.84% higher than that on September 1 (8241.67 yuan / ton). According to the monitoring of the business agency, the current butadiene price is around 5612 yuan / ton, and the styrene price is around 5350 yuan / ton. The cost supports the styrene butadiene rubber. In the future, the cost side will drive the bullish atmosphere, and the styrene butadiene rubber market is expected to rise slightly in the short term.
Br: this week, the ex factory price of gaoshun cis-1,4-polybutadiene rubber, a major domestic sales company, rose by 300 yuan / ton twice. On the one hand, the price of raw material butadiene went up, which led to the rising atmosphere of downstream synthetic rubber. According to the monitoring of the business agency, the current butadiene price is around 5612 yuan / ton; on the other hand, due to the tight supply of cis-1,4-butadiene units of Haopu and Taijiao Yubu, the price of cis-1,4-polybutadiene rubber has been increased. In the future, the price of raw material butadiene is high, coupled with tight supply, it is expected that the cis-1,4-butadiene rubber market will continue to rise in the future.
At present, the positive side, the external market performance is strong, the supplier spot export is limited, synthetic rubber market is higher. On the negative side, the high price transaction was not good; some units were restarted, and the domestic total output increased. Business Club butadiene analysts expect that early next week, the supply price and market performance will be mainly high volatility.
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