According to SunSirs Commodity Market Analysis System, China's 1,3-butadiene market primarily traded within a range last week. From August 29 to September 5, 2025, butadiene prices rose from 9,350 RMB/ton to 9,400 RMB/ton, an increase of 0.53%. Supply-demand dynamics showed limited changes last week. Influenced by fluctuations in the downstream synthetic rubber futures market, the butadiene market first declined, then rebounded, before retreating again, maintaining an overall range-bound oscillation pattern.
As of September 5, the delivered price in the Shandong market stood at 9,600-9,700 RMB/ton.
Cost Perspective: Crude oil futures prices primarily fluctuated at low levels. As of the 4th, the October WTI crude oil futures contract settled at $63.48/barrel, while the November Brent crude oil futures contract settled at $66.99/barrel. The crude oil market is influenced by both bullish and bearish factors. On one hand, geopolitical factors remain a key driver, with the Russia-Ukraine situation supporting stronger crude oil prices. On the other hand, potential production increases from Saudi Arabia, rising U.S. crude inventories, and the conclusion of the U.S. peak demand season weigh on prices amid concerns over the global economic outlook and oil demand.
Supply Side: Sinopec's sales companies have set the listed price for 1,3-butadiene at CNY 9,500/ton.
Fushun Petrochemical's 160,000-ton/year 1,3-butadiene unit is operating normally. It will undergo maintenance shutdown starting August 14 with no external sales planned. Restart is expected in October.
Shenghong Refining & Chemical's 200,000-ton/year 1,3-butadiene unit is operating normally at CNY 9,450/ton.
Satellite Chemical's 90,000-ton/year 1,3-butadiene unit is operating normally at CNY 9,350/ton.
|
Company |
Price (RMB/ton) |
Production capacity |
Unit Status |
|
Fushun Petrochemical |
Parking, no plans for foreign sales at present. |
160,000 tons |
Parking, expected to resume in October |
|
Shenghong Refining and Chemicals |
9450 RMB/ton |
200,000 tons |
Work started normally, source of goods is normal for export. |
|
Satellite Chemical |
Executive 9350 RMB/ton |
90,000 tons |
Work started normally, source of goods is normal for export. |
Demand Outlook: According to SunSirs Commodity Market Analysis System, the East China styrene-butadiene rubber (SBR) market remained firm as of September 5. Downstream buyers inquired based on immediate needs, with strong transaction sentiment and resilient supplier quotations. Current mainstream quotations for Daqing, Yangzi, and Qilu SBR range from 12,150 to 12,450 RMB/ton; some private brands quote around 11,900 to 12,150 RMB/ton.
On September 9th, the mainstream 1.3-butadiene delivery price in Shandong Province was between 9,450 and 9,550 RMB/ton, while the ex-can pickup price in East China was between 9,050 and 9,150 RMB/ton. Today's spot market trend was weak, especially in the downstream synthetic rubber market, which dragged down spot market sentiment and led to a general decline in prices.
As an integrated internet platform providing benchmark prices, on September 10th, the benchmark price of 1.3-butadiene on SunSirs was 9,403.33 RMB/ton, a 0.57% increase from 9,350 RMB/ton at the beginning of the month.
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