The domestic butadiene market finished at a high level this week, and the rise slowed down. The operating rate of the industry continues to decline, the logistics and transportation are limited, and the performance of spot resources in the market is tight, which has a certain support for the market. At the same time, the high price of butadiene put pressure on downstream profits, the operating rate of downstream industries decreased, and the demand side of butadiene market gradually weakened, which also suppressed the market.

According to the sample data monitored by the business society, from March 25 to April 1, the domestic butadiene market price rose from 10672 yuan / ton to 10722 yuan / ton, with a price increase of 0.47% in the cycle, 28.18% month on month and 44.59% year-on-year. In terms of price, the delivery price in central Shandong is 11000-11200 yuan / ton, and the self delivery price in East China is about 10500-10700 yuan / ton.

In terms of enterprises, the 30000 T / a butadiene unit of Liaoyang Petrochemical plant operates stably, and a small amount of goods are exported. The latest transaction price is 11420 yuan / ton. The 70000 T / a butadiene oxidative dehydrogenation unit of Inner Mongolia Jiutai energy was restarted, and no high-grade products were put into storage, and the quotation was stable at 10400 yuan / ton. Dalian Hengli 140000 T / a butadiene plant operates stably, the supply of goods is normal for export, and the price is increased by 100 yuan / ton to 10710 yuan / ton.

In terms of external market: as of March 31, the external price of butadiene in Asia was stable: FOB Korea closed at US $1450 / ton; CFR China closed at US $1470 / ton. The external price of butadiene in Europe remained stable: FOB Rotterdam closed at US $1555 / ton; FD northwest Europe closed at 1390 euros / ton.

region ., country., Closing price, Rise and fall

Asia, FOB Korea, $1450 / ton, USD 0 / ton

Asia, CFR China, $1470 / ton, USD 0 / ton

Europe, FOB Rotterdam, US $1555 / ton, USD 0 / ton

Europe, FD northwest Europe, 1390 euros / ton, 0 euro / ton

Comparison chart of butadiene CIS polybutadiene rubber (downstream products) trend of business society:

Comparison chart of butadiene styrene butadiene rubber (downstream products) price trend of business society:

Recently, Jiutai and Nanjing Chengzhi plants in Inner Mongolia have been restarted one after another, and the market supply has increased. However, the high price of butadiene has led to the downward pressure on the commencement of downstream industries, and the demand side is weak. Butadiene analysts of business society predict that the domestic butadiene market will be mainly sorted out in the short term.

On April 1, 2022, the price of domestic crude benzene was 6751 yuan / ton, unchanged from the previous trading day.

On March 31, the international crude oil futures market fell sharply. The settlement price of the main contract of WTI crude oil futures in the United States was US $100.28/barrel, down US $7.54 or 6.99%; The settlement price of the main contract of Brent crude oil futures was US $104.71/barrel, down US $6.73 or 6.04%. Mainly because US President Biden announced the plan to release strategic crude oil reserves on a large scale, the short-term tightening of oil price supply is expected to be eased; In addition, with the repeated outbreaks in China, investors are worried that the expansion of blockade restrictions may put pressure on demand and oil prices.

If crude oil continues to rise, the operating load of pure benzene may continue to decline under higher cost pressure. The supply and demand of main downstream styrene is still weak, which restricts the price of pure benzene. Overall, the trend of pure benzene in April mainly followed the trend of crude oil. In terms of supply and demand, at present, the operation of coking enterprises is slightly low. With the introduction of policies, the transportation problem may be alleviated to a certain extent. At that time, the operation of coking enterprises will be improved to a certain extent, and the downstream demand is generally stable. It is expected that the price of crude benzene will still follow the trend of pure benzene. The future market will focus on the impact of international crude oil situation, external disk, pure benzene and downstream device dynamics, demand side changes and other changes on the price of pure benzene.

Trade name: TDI

Latest price (March 31): 19600 yuan / ton

Key points of analysis: today, the average price of TDI market in East China decreased by 0.88% compared with the previous working day, and the domestic TDI market was weak. Affected by the local prevention and control situation, the logistics and transportation are blocked, the downstream follow-up is weak, and the trading in the terminal market is general. Although the factory intends to support the strong quotation, the market transaction is not ideal, the mentality of the cargo carriers is mainly stalemate and wait-and-see, and individual offers are slightly reduced. At present, the quotation range of dealers in East China is about 18900-19200 yuan / ton for domestic goods and about 19400-19500 yuan / ton for Shanghai goods.

Future forecast: in the later stage, the TDI market is in a stalemate, and the specific attention shall be paid to the market supply and downstream follow-up.

Trade name: urea

Latest price (March 30): 2980.00 yuan / ton

On March 30, the comprehensive price of domestic urea decreased slightly, which was 13 yuan / ton lower than that on March 29, a decrease of 0.43%, and a year-on-year increase of 37.54%. The prices of upstream coal and liquefied natural gas are adjusted at a high level, and the cost support is general. From the perspective of demand: strong agricultural demand and normal industrial demand. With the arrival of spring season, the freight of urea is blocked, and the dealers are actively taking in the peak season. The operating load of compound fertilizer plant, plate plant and melamine plant is high, and the bargain hunting is followed up appropriately. In terms of supply, the urea plant in Shanxi resumed production, the urea supply increased, and the daily output returned to more than 160000 tons. At the same time, many departments have taken measures to ensure the orderly release of agricultural materials supply and light storage sources, and the policy of ensuring supply and stable price remains unchanged. On the whole, the cost of urea is generally supported, the downstream demand increases, the supply of urea increases, and the aftermarket urea fluctuates mainly in a narrow range.

In the future, it is expected that the ex factory price of urea in Shandong may fluctuate slightly, and the average price quoted by manufacturers is about 2920 yuan / ton.

Trade name: acetic acid

Latest price (March 29): 5190 yuan / ton

Key points of analysis: today’s acetic acid price situation is on the sidelines, and the average market price in East China is the same as yesterday. Last week, the overhaul of Nanjing acetyl and Shanghai Huayi acetic acid plants in East China affected the smooth shipment of enterprises and the inventory is maintained in a controllable range. At present, the downstream follows up rationally, focuses on the purchase of high-priced goods on demand, the operator’s mentality is stable, and the market atmosphere is on the sidelines.

Future forecast: wait and see the short-term acetic acid market, and pay attention to the market supply.