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SunSirs: The Domestic Butadiene Market Was Down Again

January 08 2021 10:51:18     SunSirs (John)

Price trend

Recently, the domestic butadiene market has fallen again. According to the sample data monitored by SunSirs, as of January 7, the domestic butadiene market price was 7,358 RMB/ton, the price fell 25.34% month-on-month, and the price fell 11.16% year-on-year.

Analysis review  

The domestic butadiene market continued to fall, the external market fell and there was no lack of low-price news, and the downstream wait-and-see attitude dragged down the market. The market was extremely depressed. The price for delivery to the central Shandong area was around 7,550 RMB/ton, and the price for East China was around 7,100 RMB/ton. The market expects that supplier prices may continue to decrease. The market atmosphere is a little panic, and most people are cautious and wait and see.

External disk: As of the close of January 6, the price of Asian butadiene external disk was stable: FOB Korea closed at 995-1,005 US dollars/ton; CFR China closed at 945-955 US dollars/ton. European butadiene external disk prices were stable: FOB Rotterdam closed at 895-905 US dollars/ton; FD Northwest Europe closed at 765-775 euros/ton.

Market outlook

Looking at the market outlook, the pressure on the supply of internal and external disks is more obvious, and there is no lack of low-price news on the external disks, which will drag the domestic spot market. SunSirs butadiene analysts predict that the short-term domestic butadiene market downward trend is difficult to change.

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