According to the Commodity Market Analysis System of Shengyi Society, the domestic butadiene market fluctuated downward this week. From May 19th to 26th, the domestic butadiene market price fell from 11337.50 yuan/ton to 10700 yuan/ton, with a price drop of 5.62% during the cycle. The domestic butadiene market fluctuated downward during this cycle, and the downstream synthetic rubber futures market weakened, resulting in weak market demand and a general weakening of the spot market mentality. In terms of supply and demand, the recent arrival of port cargo in East China has been good, and the overall market supply is relatively loose. Under the influence of multiple negative factors, the butadiene market has been mainly weak this week. As of May 23, the self pickup price for container discharge in East China was between 10400-10500 yuan/ton.

Cost aspect: The crude oil market rose first and then fell during this cycle, with an overall upward trend. As of May 22, the settlement price of the main contract for WTI crude oil futures in the United States was $61.20 per barrel. The settlement price of the main Brent crude oil futures contract is $64.44 per barrel.
Supply side: The listed price of butadiene for various sales companies of Sinopec is 10500 yuan/ton, which will be lowered by 600 yuan/ton this week.
On the demand side: According to the commodity market analysis system of Shengyi Society, as of May 23, the market for butadiene rubber in the northwest region has slightly weakened. The futures price of butadiene rubber is weak and fluctuating, while the supply price of butadiene rubber is temporarily stable. Merchants are cautiously organizing their offers. At present, the mainstream prices for butadiene rubber in Sichuan, Dushanzi, and Lande are 12120~12250 yuan/ton.
Market forecast: Some butadiene plants in China have maintenance plans in the near future, and the market expects a slightly tight supply situation, which provides some support for the market mentality. However, the synthetic rubber market has been generally weak recently, and the overall demand for raw material butadiene procurement is weak. As the holiday approaches, there is some pre holiday stocking demand downstream, which may drive some upward space in the spot market, but overall it is relatively limited.