Recently, the domestic butadiene market continued to be weak. According to the sample data monitored by the business agency, the domestic butadiene market price was 7751 yuan / ton at the beginning of the week, and 7358 yuan / ton at the end of the week. The price fell by 5.06% in the week, 25.17% month on month, and 11.16% year on year.

The domestic butadiene market is weak and downward. With the gradual release of production after the restart of some domestic units, the market supply side increases significantly, the external price continues to decline and the supply pressure still exists. After the festival, the butadiene market is weak and downward obviously due to the drag of supply side. At the beginning of the week, the supply price of Sinopec, the main producer, continued to decline. Although some of the downstream areas in the North digested the spot goods, under the influence of abundant supply and short market expectation in the later stage, the bearish atmosphere of the market continued to spread in the middle of the week, and some of the markets were on the lookout. From time to time, news of low prices came out, further suppressing the market.

In terms of enterprises, Sinopec’s butadiene price was reduced by 500 yuan / ton in the supply cycle, and 7500 yuan / ton was implemented since January 5; North Huajin’s online bidding for export on Monday and Thursday showed that the total trading volume in the week was 130 tons, and the base price of bidding was 7110 yuan / ton as of January 7; Shenhua Ningmei’s normal export price was 6850 yuan / ton as of January 7, with a month on month decrease of 100% At the end of December, the 100000 t / a oxidative dehydrogenation unit of Jiangsu sierpang was restarted, and now it is in stable operation, and some of them are exported from stock; the 120000 T / a extraction unit of Bora Petrochemical is in stable operation, and the 104 t supply was sold through online auction on January 4, with the transaction price at 7433 yuan / T.

The external supply price of butadiene of main production enterprises is as follows:

Enterprise, price (yuan / ton), plant dynamic

The butadiene plant of Liaoyang Petrochemical Co., Ltd. with a capacity of 73.203 million tons / year has been in stable operation, and a small amount of goods are exported

Dalian Hengli 7160 normal export

Liaotong Chemical Co., Ltd

Fushun Petrochemical Co., Ltd. / self use and interaction of goods, no export plan for the time being

Inner Mongolia Jiutai 710007000t / a butadiene oxidative dehydrogenation unit operates normally

External market: as of the close on January 7, the external price of butadiene in Asia fell: FOB Korea closed at 955-965 US dollars / ton, down 40 US dollars / ton; CFR China closed at 935-945 US dollars / ton, down 10 US dollars / ton. The external price of butadiene in Europe was stable: FOB Rotterdam closed at 895-905 USD / ton; FD closed at 765-775 EUR / ton in northwest Europe.

In the future, under the production release of some domestic units and the restart expectation of South Korean units, the merchants’ expectation of the supply side of butadiene market in the later period is short. Although the external news such as Tianjiao futures and crude oil has a certain boost, and the start-up of synthetic rubber unit is acceptable, the supply side of butadiene market is under obvious pressure, and the market continues to fall, leading to the wait-and-see decline of downstream, and there is no obvious sudden change at the moment Under the good news, business community butadiene analysts expect that the downward trend of domestic butadiene market in the short term is difficult to change.