After the Lunar New Year holiday in the year of the ox, the domestic butadiene market has been “booming”, the market price has risen sharply, the external price has been rising, and the favorable market of downstream rubber has continued to pull, so the butadiene market seems to have turned into a bull. According to the sample data monitored by the business community, as of March 1, the domestic butadiene market price was 8368 yuan / ton, with a month on month rise of 38.18% and a year-on-year rise of 34.48%.

International crude oil prices continue to rise, domestic bulk market prices continue to rise, butadiene market rose sharply. The lower synthetic rubber market continued to rise, and the widening price gap with butadiene also provided obvious space for butadiene price to rise. At present, the short-term supply of domestic butadiene is relatively abundant, and the purchasing atmosphere of downstream raw materials is relatively low due to inventory replenishment before the festival. With the outflow of some profit-making sources, the rise of the market may be restrained to a certain extent.

In terms of enterprises, Sinopec’s external supply price of butadiene continued to rise by 500 yuan / ton to 8500 yuan / ton in the week; North Huajin exported offline on February 24, with a price reference of 8260 yuan / ton; Yangzi’s butadiene plant stopped on February 21, with an estimated time of about 15 days; Shenhua Ningmei’s normal export price of butadiene was 8510 yuan / ton as of February 25, with an increase of 31.94% compared with February 18;

External price: as of February 26, the external price of butadiene in Asia rose: FOB Korea closed at 935-945 US dollars / ton, up 40 US dollars / ton; CFR China closed at 975-985 US dollars / ton, up 30 US dollars / ton. The external price of butadiene in Europe rose: FOB Rotterdam closed at 755-765 US dollars / ton, up 50 US dollars / ton; FD northwest Europe closed at 665-675 euro / ton, up 40 Euro / ton.

In the future, the short-term prices of production enterprises pushed up, driving the butadiene market to a high level. However, the follow-up of the transaction remains to be seen. Butadiene analysts of the business community expect that the short-term domestic butadiene market will be dominated by a small consolidation.