The contradiction between supply and demand is prominent, and the price of butadiene “has fallen again”

1、 Price trend


Recent domestic butadiene market continued to decline. As of February 18, the price of butadiene was 6482 yuan / ton, down 19.82% month on month and 32.52% year-on-year, according to the monitoring of business club.


2、 Analysis of influencing factors


Products: the domestic butadiene market maintains low-end finishing, and the prices of some factories keep falling. The downstream latex industry is slow to return to work, and the logistics in East China is still not smooth, and the market turnover is cold. In Shandong Province, the price of offers sent to the market is about 6100-6200 yuan / ton, while in East China, the market has declined slightly. The price reference is 6500-6700 yuan / ton, and the actual market orders are few, and the merchants are waiting for the downstream demand to recover.

PVA 0599 (PVA BF05)


In terms of market, the butadiene market in East China is dominated by wait-and-see, while the market in the North shows some signs of stabilization. However, the inventory in East China tank farm is high, the downstream construction and logistics recovery are slow, and under the pressure of the supply side, the mentality of the merchants is still weak. The market delivery price is maintained at 6500-6700 yuan / ton, and the zero star price is slightly low or slightly high. The actual single negotiation is dominated. The butadiene market in Shandong Province was slightly consolidated, and the market fell to a low level to stimulate the demand for inquiry. The offer from the middlemen was relatively firm. The low-end price slightly increased by about 50-100 yuan / ton, and the offer was 6150-6300 yuan / ton when it was delivered to the middlemen for negotiation.


Industrial chain: styrene butadiene rubber: the domestic mainstream styrene butadiene market reported a decline. The main price of Qilu 1502e in North China is around 10000 yuan / ton, and that of Qilu 1502e in East China is around 10400 yuan / ton.



Cis-1,4-polybutadiene rubber: the market price of cis-1,4-polybutadiene rubber in China is still lower, the inquiry atmosphere is slightly improved, and the trading and investment maintain negotiation. As of the deadline, the main market price of Shunding in North China is 9800-10000 yuan / ton.


3、 Future forecast


The short-term downstream terminal demand is difficult to follow up obviously, the manufacturer’s inventory is still high, the market supply and demand fundamental contradiction continues to have a negative impact on the market, and the synthetic rubber market is expected to continue to decline. The butadiene analysts of the business agency expect that the short-term domestic butadiene spot market will continue to be weak and downward in the short term, and it is suggested to pay attention to the latest price guidance of the supplier.