In the near future, although the external price has been continuously reduced, the shortage of goods in Northeast China has benefited the market, and the domestic butadiene market has entered a period of narrow consolidation. According to the sample data monitored by the business community, as of March 15, the domestic butadiene market price was 8446 yuan / ton, with a month on month increase of 34.48% and a year-on-year increase of 35.50%.

Northeast a small number of sources of wide price increase transactions, domestic butadiene market offer quickly follow up. The sudden turn of the market led to some downstream inquiries. However, the spot supply in East China market is abundant at present. With the restart of Yangzi Petrochemical and Nanjing Chengzhi plant, the overall domestic supply shows an incremental trend. With the inflow of slightly lower price goods from East China into Shandong, the market atmosphere is gradually weakening. Although the northern business offer intention is strong, but the downstream inquiry is relatively cautious, the transaction is poor, drag the market to push up and then slightly weak consolidation.

In terms of enterprises, Sinopec East China butadiene supply price is stable at 8500 yuan / T; Shenhua Ningmei butadiene is normally exported at 8260 yuan / T, up 100 yuan / T on a month on month basis; a 60000 T / a butadiene plant of Yangzi Petrochemical was restarted around March 7, and is now in stable operation; Puyang Bluestar 50000 T / a butadiene plant is in normal operation, and a small amount of goods are on sale, with price reference of 8700 yuan / T.

External price: as of March 12, the external price of butadiene in Asia rose: FOB Korea closed at US $1135-1145 / T, up US $70 / T; CFR China closed at US $1165-1175 / T, up US $60 / T. The external price of butadiene in Europe rose: FOB Rotterdam closed at 955-965 USD / ton, up 50 USD / ton; FD northwest Europe closed at 755-765 EUR / ton, stable.

In the future, on the one hand, the supply side of East China and domestic suppliers is relatively abundant, on the other hand, the inventory of downstream raw materials is relatively abundant, and the market’s ability to accept high price sources needs to be followed up. Business community butadiene analysts expect that the domestic butadiene market will be slightly consolidated in the short term.