SunSirs: The Average Market Price of 1,3-Butadiene Fell 1.77% from the Previous Trading Day
March 03 2023 09:31:37
Latest price of butadiene (March 1): 9712 RMB/ton, bearish in the future
Key points of analysis: the average market price on March 2 fell by 1.77% compared with the previous trading day. At present, the capacity utilization rate of the domestic butadiene industry is stable, and there is no plan for plant maintenance and shutdown, and the supply side remains stable. The sales companies of Sinopec, the main producer, lowered their external quotations by 200 RMB/ton to 9800 RMB/ton, guiding the narrow fluctuation of the market. At the same time, the external market weakened slightly, affecting the mentality of merchants. The pressure on the profits of the downstream synthetic rubber industry has affected the decline of the operation, and the drag on the demand side has gradually emerged.
Future forecast: the short-term butadiene market is dominated by weak consolidation.
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