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SunSirs: Butadiene Market Is Weakly Adjusting

November 13 2019 10:54:39     SunSirs (John)

Price trend

Recently, domestic butadiene market weak finishing. According to the data monitoring of SunSirs, as of November 12, the price of butadiene was 8790 RMB/ton, down 23.98% on a month on month basis and 12.98% on a year-on-year basis.


Analysis review

Product: The domestic butadiene market is weakly organized, and the downstream inquiry intention is low. The North just needs to support the market is limited, the price of the northern export manufacturers is lowered, dragging the market down. The delivery price of superior products in Shandong Province is 9400-9500 RMB/ton, and the price in East China is about 9500 RMB/ton. The weak market drags merchants' mentality, and the actual order transaction is limited.

In terms of market:the butadiene market in Shandong Province has been in a downward trend. Prices of some manufacturers in the north have been lowered, and the offers of middlemen have been lowered. The price of superior products is about 9200-9300 RMB/ton. The downstream is still cautious, and some of them pay attention to the latest price guidance of suppliers in the afternoon. The inquiry atmosphere of butadiene market in East China is weak, and the middleman has no intention to lower the offer. The price of superior products is about 9400 RMB/ton, and the actual order is waiting to be seen. Affected by the atmosphere in the north, the downstream inquiry intention is in a low state.

Installation: Yangzi Petrochemical 220,000 tons/year device, 3 # long-term parking; 1 # and 2 # total 120,000 tons / year device normal operation; Zhenhai refining and chemical 165,000 tons/year device normal operation, mutual supply, a small amount Export; Jiangsu Surbana 100,000 tons year oxidative dehydrogenation unit operating normally, supply contract. Inner Mongolia Jiutai 70,000 tons/year device is operating normally, the supply is normal export.


Market outlook

Butadiene external market continued to decline, and the trend of downstream product market was not good, and butadiene spot market was short of sustained support. With the price correction of some manufacturers, butadiene analysts of SunSirs predicted that the short-term domestic butadiene market was not short of a small downward consolidation expectation. It is recommended to note the information of domestic manufacturers' devices and price guidance.


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