The domestic butadiene market has been maintained in recent years. As of March 11, the price of butadiene was 9078 yuan per ton, according to the monitoring of business associations.
II. Analysis of Influencing Factors
Products: Domestic butadiene market maintained consolidation, limited market information guidance, middlemen to deliver orders, delivery to the offer to maintain stability. But short-term market supply-side pressure is obvious, some businessmen are cautious, and market transactions continue to be rigid and rigid. The market atmosphere of butadiene in Shandong continues to be weak, market operators are cautious and wait-and-see mentality is obvious, downstream inquiries are limited, and market quotations are maintained. Eastern China butadiene market lacks information guidance, the market atmosphere is weak, the supply side is abundant, downstream inquiries are cautious, and market quotations are maintained. Asian closing price of butadiene, FOB Korea average offer $1120-1128 per ton; CFR China average offer $1155-1163 per ton.
Industry chain: styrene-butadiene rubber: Because natural rubber is still showing weakness, and demand continues to remain weak, domestic styrene-butadiene rubber market is showing weakness, some regions have declined offers, while a small number of transactions. Cis-butadiene rubber: The domestic cis-butadiene rubber market slightly fell. The overall market offer price hangs upside down, the inquiry atmosphere on the site is cool, sporadic buyers buy at reduced prices, and the bargaining price is on the low side. SBS: Domestic SBS market oil glue, dry glue narrow finishing, on-site trading performance is general.
3. Future Market Forecast
On the positive side, demand is gradually recovering, synthetic rubber market is strong, and the price of the outer plate is strong. On the short side, the supply side is abundant and downstream inquiries are prudent. Domestic butadiene market lacks information guidance, the market supply side is still abundant, downstream cautious wait-and-see mentality is obvious, inquiry intention is low, market turnover is weak, market bearish sentiment is strong, business community butadiene analysts predict that the short-term domestic butadiene market continues to be weak finishing trend, pay attention to market turnover.