The domestic butadiene market fell sharply again, and the multiple bad news led to the “collapse” of the butadiene market: first, the supply was too large to be supported by good news; Secondly, the external market continues to be weak; At the same time, the price of synthetic rubber continues to decline, and the weak market of downstream products also drags the butadiene market.

According to the sample data monitored by the business community, from October 31 to November 4, the domestic butadiene market price fell from 7603 yuan/ton to 7146 yuan/ton, with a 6.02% decline in the cycle, 13.94% month on month and 6.22% year-on-year. In terms of price, the delivery price in Shandong Luzhong is 7400-7500 yuan/ton, and the self lifting price in East China is 6800-7000 yuan/ton.

For enterprises, Sinopec East China Sales Company lowered the listing price of butadiene by 400 yuan/ton to 7200 yuan/ton. The 30000 t/a butadiene unit of Liaoyang Petrochemical Plant was in stable operation, 280 t of goods were sold abroad through competitive bidding, and the transaction price was 6820 yuan/t. The 140000 t/a butadiene plant of Dalian Hengli has been operating stably, the source of goods is normal for export, and the listing price is stable at 7010 yuan/t.

In terms of external market: as of the closing of November 3, the price of Asian butadiene external market fell: South Korea FOB reported 725-735 dollars/ton, down 20 dollars/ton; China CFR reported 755-765 dollars/ton, down 20 dollars/ton. The external price of butadiene in Europe remained stable: FOB Rotterdam closed at 995-1005 USD/ton; FD Northwest Europe closed at 1095-1105 euros/ton.

Region, country, closing price, up and down

Asia, FOB South Korea, 725-735 dollars/ton, – 20 yuan/ton

Asia, CFR China, 755-765 USD/ton, – 20 USD/ton

Europe and America, FOB Rotterdam, 995-1005 USD/ton, 0 USD/ton

Europe., FD Northwest Europe., 1095-1105 euros/ton., 0 euros/ton

The inventory is relatively high, and there is no obvious positive effect on the supply side. Downstream products continued to decline, with limited demand side information support. Butadiene analysts from the business community predicted that the short-term domestic butadiene market was mainly weak.