This week, the domestic butadiene market declined narrowly. According to the sample data monitored by the business agency, the domestic butadiene market price was 9856 yuan / ton at the beginning of the week and 9490 yuan / ton at the weekend, with a decrease of 3.72% during the week, a decrease of 0.40% on a month on month basis, and a rise of 4.40% on a year-on-year basis.

The domestic butadiene market continued the downward trend this week, and the decline increased in the later part of the week. With the production release of Shandong Huayu and Yantai Wanhua, as well as the export of northeast spot goods, as well as the impact of shipping arrival, the market supply surface has been significantly expanded; however, the recent market downturn has led to the lower expectations of the later market, and the downstream synthetic rubber and natural rubber futures market are weak, and the supply and demand fundamentals of butadiene market have accumulated negative factors, which have a significant drag on the market 。

The external supply price of butadiene of Sinopec production enterprises is as follows:

Enterprise, price (yuan / ton), plant dynamics

Normal operation of 9700 165000 T / a unit in Zhenhai Refining and Chemical Co., Ltd

Normal operation of 97.012 million T / a unit in Shanghai Petrochemical Company

Normal operation of Yangzi Petrochemical 97.012 million T / a unit

Sinopec’s 97.2 million T / a plant is in normal operation and mainly supplied by each other

Maoming Petrochemical’s 97.015 million T / a unit is in normal operation, mainly supplied by each other and exported in a small amount

The 97.03 million T / a plant of Guangzhou Petrochemical Company is in normal operation, mainly supplied by each other and exported in a small amount

Shutdown and maintenance of 97.013 million T / a ethylene plant in Wuhan

External market: as of December 11, the external price of butadiene in Asia fell: FOB Korea closed at US $1325-1335 / T, down US $10 / T; CFR China closed at US $1290-1300 / T, down US $15 / T. The external price of butadiene in Europe was stable: FOB Rotterdam closed at US $1010-1020 / T, stable; FD northwest Europe closed at 735-745 EUR / T.

In terms of enterprises, Sinopec’s butadiene supply price has been reduced by 400 yuan / ton, and 9700 yuan / ton has been implemented since December 10; Fushun Petrochemical Co., Ltd. will sell 240 tons of goods through competitive bidding this week, with the bottom price of 9000 yuan / ton on December 10, and no transaction is concluded; North Huajin butadiene online auction transaction is not smooth this week, and the bottom price of node auction on December 10 is 9110 yuan / ton, down 200 yuan / ton month on month.

In the future, although there is a certain demand in the downstream latex industry, the domestic supply has increased, the market has begun to decline, the downstream mentality is mainly wait-and-see, and the external market atmosphere is weak. Business agency butadiene analysts predict that the short-term domestic butadiene market downturn finishing.