In April, the domestic butadiene market fell after rising. The continuous high price in March made the price still fluctuate at a high level at the beginning of April, which was sorted out for some time. The operating rate of downstream industries continued to decline, the market supply and demand gradually weakened, and the transactions of some suppliers were not smooth, and the market situation turned downward.
Annual comparison chart of butadiene price of business society from 2018 to 2022:
According to the sample data monitored by the business agency, the domestic butadiene market price was 10722 yuan / ton at the beginning of the month and 9816 yuan / ton at the end of the month (as of April 29), with a decrease of 8.45% and a year-on-year increase of 44.80%. In terms of the latest market price, the mainstream transaction price of butadiene in East China is 9700 yuan / ton; The mainstream transaction price of butadiene in central Shandong is 10150 yuan / ton.
Butadiene price trend chart of business society in April 2022:
At the beginning of the month, the domestic butadiene market finished at a high level and the rise slowed down. The operating rate of the industry continues to decline, the logistics and transportation are limited, and the performance of spot resources in the market is tight, which has a certain support for the market. At the same time, the high price of butadiene put pressure on downstream profits, the operating rate of downstream industries decreased, and the demand side of butadiene market gradually weakened, which also suppressed the market.
In the first ten days of the month, the domestic butadiene market fell backwards. With the restart of Nanjing Chengzhi and Inner Mongolia Jiutai units, the market available spot supply increased. In addition, the operating rate of some downstream industries continued to decline, the market supply and demand gradually weakened, the transaction of some suppliers was not smooth, and the market fell slightly.
According to the mid month inquiry, the domestic butadiene market fell deeply, the market supply increased significantly, while the operating rate of downstream industries decreased, the contradiction between supply and demand fundamentals appeared, dragging the market down.
In late June, the domestic butadiene market rebounded slightly and rose. There was no significant increase in the market supply during the week, and the amount of cash in circulation was slightly tight. In addition, there was pre holiday stock demand in some downstream, which was supported to a certain extent.
At the end of the month, the domestic butadiene market fluctuated slightly. Due to the failure to fulfill the expectation of early device maintenance, the market fell under the influence of mentality. However, the downstream rigid demand still has some inquiry follow-up. In addition, the high cost of goods in East China affects the merchants to be reluctant to sell at low prices. With the price increase of some export goods in Shandong, the market fluctuated slightly after stopping the decline.
Monthly K column chart of butadiene domestic production price of business society:
Weekly K column chart of butadiene domestic production price of business society:
In terms of enterprises, the 30000 T / a butadiene unit of Liaoyang Petrochemical plant operates stably, and there is no export plan before the festival. The 120000 T / a butadiene plant of Huajin in the North operates stably, and the supply is mainly transported by pipeline to the downstream. There is no export plan for the time being. The 160000 T / a butadiene extraction unit of Fushun Petrochemical operated stably after being restarted on March 24, mainly for self use and mutual supply of goods, and there is no export plan for the time being.
As of April 29, the ex factory quotation of some domestic butadiene manufacturers:
enterprise ., Price., Device dynamics
Zhenhai Refining and Chemical Co., Ltd, 9900 yuan / ton, 165000 T / a unit operates normally
Shanghai Petrochemical, 9900 yuan / ton, Normal operation of 120000 T / a unit
Yangzi Petrochemical, 9900 yuan / ton, Normal operation of 120000 T / a unit
Sinopec, 9900 yuan / ton, The 200000 t / a unit operates normally, mainly for mutual supply
Maoming Petrochemical, 9850 yuan / ton, 150000t / a unit operates normally, mainly for mutual supply and a small amount for export
Guangzhou Petrochemical, 9900 yuan / ton, The 30000 T / a unit operates normally, mainly for mutual supply and a small amount for export
Wuhan ethylene, 9900 yuan / ton, The 190000 T / a extraction unit operates stably, mainly for mutual supply and a small amount for export
Liaoyang Petrochemical, There is no export plan before the festival, Stable operation of 30000 T / a butadiene plant
Dalian Hengli, 9660 yuan / ton, The 140000 T / a butadiene plant operates stably, and the source of goods is normal for export
Northern Huajin, The source of goods is mainly from the downstream of pipeline transportation, and there is no export plan for the time being, Stable operation of 120000 T / a butadiene plant
Fushun Petrochemical, The source of goods is mainly for self use and mutual supply, and there is no export plan for the time being, The 160000 T / a butadiene extraction unit operated stably after being restarted on March 24
Inner Mongolia Jiutai ., 9750 yuan / ton, The 70000t / a butadiene oxidative dehydrogenation unit is planned to restart in April
Sipang, Jiangsu Province, Suspend external quotation, The 100000 t / a butadiene oxidative dehydrogenation unit has been temporarily shut down since September 14
In terms of external market: as of April 28, the price of butadiene in Asia rose: FOB Korea closed at US $1425-1435 / ton, up US $20 / dun; CFR China closed at US $1370-1380 / ton. The external price of butadiene in Europe remained stable: FOB Rotterdam closed at US $1515-1525 / ton; FD northwest Europe closed at 1385-1395 euros / ton.
region ., country., Closing price, Rise and fall
Asia, FOB Korea, 1425-1435 US dollars / ton, USD 20 / ton
Asia, CFR China, 1370-1380 USD / ton, USD 0 / ton
Europe, FOB Rotterdam, USD 1515-1525 / ton, USD 0 / ton
Europe, FD northwest Europe, 1385-1395 euros / ton, 0 euro / ton
According to the price monitoring of the trading society, in the list of bulk commodity prices in March 2022, there were 74 kinds of commodities rising month on month in the chemical sector, of which 37 kinds of commodities increased by more than 5%, accounting for 34.3% of the monitored commodities in the sector; The top three commodities were ammonium sulfate (57.60%), formic acid (53.79%) and sulfuric acid (42.86%). A total of 32 commodities fell month on month, and 16 commodities fell by more than 5%, accounting for 14.8% of the monitored commodities in this sector; The products with the top three declines were organosilicon DMC (- 24.23%), glycine (- 22.60%) and DMF (- 12.08%). The average rise and fall this month was 4.8%.
Comparison chart of butadiene CIS polybutadiene rubber (downstream products) trend of business society:
Comparison chart of butadiene styrene butadiene rubber (downstream products) price trend of business society:
Recently, the downstream synthetic rubber market continued to decline, coupled with poor terminal demand, the demand side is difficult to form an effective support for the butadiene market. Although there are a few sources of goods expected to be exported after the festival, there are devices in the northeast or there will be a parking inspection plan. At the same time, there is no obvious pressure on the supply side under the boost of the export news of domestic sources. Butadiene analysts of business society predict that the domestic butadiene market will be mainly sorted out in the short term.