Price Trend
The domestic butadiene market remained in order this week. Business Association monitoring showed that the domestic butadiene market price at the beginning of the week was 8370 yuan/ton, and the domestic butadiene price at the weekend was 8551 yuan/ton. Within the week, the price rose by 2.16%, which was 28.45% lower than the same period last year.
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II. Analysis of Influencing Factors
Products: This week, the domestic butadiene market maintained a consolidation situation, Sinopec’s supply price remained stable at 8400-8500 yuan/ton, and Liaotong Chemical Industry’s bottom bidding price increased by 400 yuan/ton to 8880 yuan/ton. During the week, the spot supply of high-grade products in the northern market increased slightly, and the turnover of Liaoning’s currency source was still acceptable. However, the qualified products of Jiutai and Shenhua Ning coal in Inner Mongolia continued to be exported, and the market supply was abundant as a whole. Fushun Petrochemical in the middle of the week a small number of supply and flow pats, aggravating the downstream inquiry cautious mentality, the market is not lack of wait-and-see and other drop expectations, although the transaction price of Liaoning currency sources on Thursday is relatively strong, but the downstream inquiry is cold. Although some shipments arrived at the port in the Eastern China tank farm during the week, the mentality of the merchants was strongly supported by the external market, and most of the offers were stable.
Industry chain: Downstream synthetic rubber, styrene-butadiene rubber, natural rubber, although not good, but the supplier has increased the price of styrene-butadiene rubber, domestic market offer slightly increased, but inquiry follow-up performance is general, the actual transaction is still small. Cis-butadiene rubber, domestic cis-butadiene rubber market rose. The supplier raised the price of cis-butadiene rubber, the quotation price of merchants followed up, the inquiry atmosphere on the market was not good, the buyer was conflicted with the high offer, the spot turnover was small, and the merchant’s shipment was not good. SBS: Domestic SBS market oil glue low finishing, dry rubber road to small finishing.
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3. Future Market Forecast
On the positive side, the external offer is relatively strong; downstream just need to replenish the warehouse. In the negative side, the construction of cis-butadiene rubber industry began to decline, and Northern manufacturers normally exported. Although the price of a small amount of goods in Northeast China is strong, which has brought some support to the mentality of the merchants, the domestic spot supply is relatively abundant in the later period, the follow-up of inquiries in the downstream is limited, and the downstream rubber industry starts to decline, and the market performance of supply and demand is weak. In the next cycle, Liaoyang Petrochemical Plant will have a parking maintenance plan, or there will be inventory clearance measures. Influenced by the news, the butadiene analysts of business associations expect that the short-term domestic butadiene market will be mainly reorganized. They suggest that attention should be paid to the manufacturers’prices and transaction guidelines. At the same time, some external sources are on sale, and the turnover situation is also worthy of attention.
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