The domestic butadiene market was weak and fell. According to the monitoring price of the business agency, the domestic butadiene market price at the beginning of the week was 4140 yuan / ton, while the domestic butadiene market price at the end of the week was 3801 yuan / ton, down 8.19% in the week. The price fell 2.29% month on month and 56.09% year on year.

This week, the domestic butadiene market was dominated by weak finishing. Due to the demand gap in the downstream of North China caused by the maintenance status of Sinopec’s equipment, it was heard that part of the procurement of northern spot resources, and the improvement of northeast supplier transactions at the beginning of the week boosted the market slightly. However, in the near future, Iranian ships continue to arrive at the port. In addition, Nanjing Chengzhi and shenhuaning coal plant are expected to restart, so the market supply is difficult to support. At the same time, combined with Sinopec’s supply price reduction, the butadiene market atmosphere quickly weakens. Although the external price temporarily stabilized to support some merchants in East China who were reluctant to sell at a low price, the transaction of goods from Northeast China was not smooth, which aggravated the downstream cautious attitude, and the market delivery was cold.

In terms of enterprises, Sinopec’s supply price of butadiene in East China has been reduced by 500 yuan / ton, and 4000 yuan / ton has been implemented since June 1; Liaotong chemical has been priced for export, with a turnover of about 700 tons, with a base price of 3610 yuan / ton, no transaction; Nanjing Chengzhi’s 100000 ton / year butadiene oxidation and dehydrogenation unit was restarted on June 1, and then slowly recovered; Dalian Hengli’s 140000 ton / year butadiene unit has been in stable operation, with a listing price of 3680 yuan /T, down 100 yuan / ton on a month on month basis; the 70000 ton / year butadiene plant in Jiutai, Inner Mongolia, operated stably, and the listing price was reduced by 50 yuan / ton to 3650 yuan / ton.

In terms of industrial chain: SBR: this week, the mainstream factory prices of domestic milk polymerized SBR sales companies have been falling, with the mainstream drop of 200 yuan / ton. The main factory supply price of domestic styrene butadiene 1502 dropped to 7800-8000 yuan / ton.

Cis-1,4-polybutadiene rubber: in this cycle, the factory price of high cis-1,4-polybutadiene rubber of mainstream domestic sales companies fell; the factory price of high cis-1,4-polybutadiene rubber of mainstream domestic companies fell to 7300-7900 yuan / ton, and the mainstream price fell to 200 yuan / ton.

Recently, the performance of the external market is stagnant, and some domestic businesses are reluctant to sell at a low price due to the impact of the holding cost. However, with the gradual end of the maintenance of some devices, it is difficult to improve the market supply and the weak market situation is difficult to change. But at the same time, the main downstream starts remain at a high level temporarily, and there is a bottom support in the face of demand. Under the supply and demand game, the butadiene analysts of the business agency predict that the domestic butadiene market will continue to be weak in the short term, and the market will mainly be consolidated in small areas. It is suggested to pay attention to the internal and external transaction guidance.