Source: Business Association
First, the price trend
Recently, the market for butadiene in the domestic market is weak. As of February 12, the price of butadiene is 10056/ton.
Second, the analysis of influencing factors
product:
The domestic butadiene market sentiment was weak, and the industry returned to the market with a cautious wait-and-see attitude. The northeast manufacturers' butadiene supply price was lowered, dragging down the market, and the downstream factories have not resumed work, lacking substantial demand. The market for butadiene in Shandong is weak, and the downstream demand after the holiday is limited. The supply price of the northeast manufacturers is lowered, dragging down the mentality of market players. The butadiene market in East China has a strong wait-and-see atmosphere, and the industry's cautious attitude is obvious, and the market offer has fallen. Asian butadiene closing price, FOB Korea average price offer 1110-1118 US / ton; CFR China average price offer 1095-1103 US / ton.
Industry chain:
Styrene-butadiene rubber: As the industry is still in the process of returning to the market, the domestic styrene-butadiene rubber market is scarce, and a small amount of offer is tentatively increasing the price by 100/ton on the basis of the ex-factory price. The transaction is sparse. Butadiene rubber: The domestic butadiene rubber market has a poor trading atmosphere. Returning merchants have a wait-and-see attitude, and their offer is not high. The downstream factory has not resumed work, and there is a lack of substantial buying demand in the market. The market is in an invaluable market. SBS: Domestic SBS market oil glue, dry rubber road change without offer. In terms of oil and rubber: Sinopec South China F875 pre-collected 11500/ton, merchants entered the market to open the bill, the supplier has no pressure, and the shoe material enterprises are in the holidays. Dry rubber road reform: the supply price is stable, the industry wait and see, the merchants are returning one after another. In the short term, oil rubber and dry rubber roads will maintain stable operation.
Third, the market outlook
On the positive side, demand is expected to gradually recover; in the bearish sector, the external disk price is weak and the supply side is abundant. The butadiene analysts of the business community expect that the recovery of downstream demand will take time, and the market supply is abundant. The short-term domestic butadiene market continues to be weak, and the latest price policy of mainstream export manufacturers is concerned.
Editor in charge: Gu Wen
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