SunSirs: Trading Was Limited and Butadiene Market Quotations Were Slightly Adjusted

Price trend

The domestic butadiene market has been sorted slightly. According to the price monitored by SunSirs, as of May 14, the domestic butadiene market price was 4,345 RMB/ton, the price rose 22.95% from the same period of last month, and fell 45.52% from the same period of last year.

Analysis review   

Product: The domestic butadiene market has been sorted slightly, and the supplier has no latest price guidance. The northern middlemen mainly provide stable prices, and the premium grades are sent to the price of 4,550-4,650 RMB/ton. The downstream inventory is relatively abundant and the market trading is limited. Some merchants in the East China region wait for the guidance of the external market, and the market offer was relatively firm. The price refers to about 4,000 RMB/ton, and the delivery price is 4,200-4,300 RMB/ton.

In terms of enterprises, the 30,000-ton/year oxidative dehydrogenation plant of Liaoyang Petrochemical is operating steadily and is normally exported. The 100,000-ton/year oxidative dehydrogenation plant in Silbon, Jiangsu Province, was shut down on April 27. The restart time is unknown. Puyang Bluestar Chemical's 50,000-ton/year extraction device was shut down for maintenance on May 10, and the restart time is not yet clear. Inner Mongolia Jiutai's 70,000-ton/year plant is scheduled to be shut down for maintenance over the night on May 12th for 5-7 days. Shenhuaning coal 64,000 ton/year plant shutdown maintenance, no offer temporarily.

Industry chain:

Styrene-butadiene rubber: The domestic mainstream styrene-butadiene market offers steady and narrowly adjusted. The mainstream offer of Qilu 1502E in North China is 8,200-8,300 RMB/ton, and the mainstream offer of Qilu 1502E market in East China is around 8,450 RMB/ton.

Butadiene rubber: The factory price of butadiene rubber is stable, the market offer is weak, the price increase of the industry has narrowed significantly, and under the drag of transactions and other factors, the overall atmosphere has turned cold and downstream market entry is limited.

Market outlook

Domestic supplier information guidance is limited in short term, and some businesses are concerned about external disk information guidance, and it is heard that the low price of offshore cargo is difficult to find, which brings certain support to the mentality of domestic businesses; However, the current domestic downstream inventory is abundant and there is no shortage of shipments to the port in the later period. It is difficult for the market to have obvious positive support. Butadiene analysts in the business community expect that the short-term domestic butadiene market will be mainly wait-and-see.

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