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.
