Recently, the domestic butadiene market has gone down, the price has dropped again and again, the closing price of the external market has dropped significantly, and the ex factory quotations of major manufacturers have been reduced continuously. According to the sample data monitored by the business community, the domestic butadiene market price dropped from 7415 yuan / ton to 6718 yuan / ton from April 1 to April 7, with a price drop of 9.39% in the cycle, a 20.14% month on month drop, and a 62.73% year-on-year rise.
The domestic butadiene market was slightly weak, mainly finishing, and the market supply was still relatively abundant. Some suppliers continued to sell at a falling price, and the market focus was slightly lower. Although there are sporadic businesses affected by the high cost of holding positions and have no intention to lower, but in the supply side drag, market trading is still weak.
In terms of enterprises, Sinopec’s sales companies quoted 7900 yuan / ton of Butadiene on April 1, and fell to 6800 yuan / ton on April 7, with a decrease of 1100 yuan / ton. Fushun Petrochemical and Liaotong chemical products are sold at low price through competitive price. At the same time, the social inventory of butadiene is increased. The downstream demand is relatively stable, and the contradiction between supply and demand is obvious for a time. Most of the traders take low price as the main way.
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External market: as of April 6, the external price of butadiene in Asia fell: FOB Korea closed at US $995-1005 / T, down 30 US dollars / T; CFR China closed at US $1035-1045 / T, down 30 US dollars / T. The external price of butadiene in Europe was stable: FOB Rotterdam closed at USD 1045-1055 / T; FD closed at EUR 795-805 / T in northwest Europe.
Region, country, closing price, rise and fall
Asia ﹣ FOB Korea ﹣ 995-1005 USD / T – 30 USD / T
In Asia, the CFR for China is US $1035-1045 / t-us $30 / T
Europe ﹣ FOB Rotterdam ﹣ 1045-1055 USD / T ﹣ 0 USD / T
Euro 795-805 / T Euro 0 / T
In the future, on the one hand, the supply side of East China and domestic suppliers is relatively abundant, on the other hand, the inventory of downstream raw materials is relatively abundant, and the market’s ability to accept high price sources is limited. Business community butadiene analysts expect that the domestic butadiene market will be in a downturn in the short term.