According to the Commodity Market Analysis System of Shengyi Society, the domestic butadiene market will experience range bound fluctuations in November 2025. From November 1st to 30th, the domestic butadiene market price decreased from 7516.67 yuan/ton to 7050 yuan/ton, with a price drop of 6.21% during the period.
Early October: At the beginning of the month, the domestic butadiene market was weak and experienced a wide decline. As prices continued to fall, it attracted some downstream buyers to replenish their inventory at low prices, leading to an improvement in the trading atmosphere of the spot market and a slight rebound in spot market prices. However, due to weak downstream terminal demand and bearish supply performance, the overall butadiene market remained weak under the dual negative impact.
Late period: After entering late period, the butadiene market fluctuated in a range of first rising and then falling. In terms of supply, the overall supply has remained relatively loose in the near future. With the rise in prices, the enthusiasm for downstream market entry has significantly weakened. In addition, the recent weak trend of the synthetic rubber market has weakened the trend of the butadiene market.
Cost wise: According to the Commodity Market Analysis System of Shengyi Society, the butadiene market fluctuated in a range of first rising and then falling after entering the latter half of the year. In terms of supply, the overall supply has remained relatively loose in the near future. With the increase in prices, the enthusiasm for downstream market entry has significantly weakened. In addition, the recent trend of the synthetic rubber market has been weak, and the trend of the butadiene market has weakened. As of the 26th, the settlement price of the January WTI crude oil futures contract in the United States was $58.65 per barrel. The settlement price of Brent crude oil futures for February is $62.54 per barrel.
Supply side: As of November 27th, the listed price of butadiene for various sales companies of Sinopec is 7100 yuan/ton, a decrease of 800 yuan/ton compared to the same period last month.
Demand side: The domestic market for butadiene rubber in this cycle first rose and then fell, with an overall small increase. On the one hand, the price of raw material butadiene has risen slightly at a low level, and the cost support for butadiene rubber is relatively weak; Part of the pre maintenance equipment has restarted operation, and the production of butadiene rubber has slightly increased; The downstream tire production is basically stable, and there is a strong demand for support for butadiene rubber. The basic operation of butadiene rubber is weak. According to the Commodity Market Analysis System of Shengyi Society, as of November 24th, the market situation of Shunding rubber in the northwest region has slightly improved. At present, the mainstream prices for butadiene rubber in Sichuan, Dushanzi, and Lande are 10500-10700 yuan/ton.
Market forecast: The butadiene market has rebounded in the early stage, with market prices tentatively rising, and downstream market enthusiasm significantly declining. Currently, the trading situation in the spot market is average. Overall, the current supply of butadiene is relatively loose, downstream demand is weak, and the trend of the synthetic rubber market is weak, lacking favorable support. It is expected that the butadiene market will continue to be weak and volatile, with a focus on downstream procurement demand.