I. Key Points
Core Logic: Positive factors are emerging, driving the market to perform strongly.
II. Price Table
| Product | Region | Oct 29 | Oct 28 | Change Rate |
|---|---|---|---|---|
| Butadiene | Shandong Luzhong Delivered | 14,750 | 14,550 | 1.37% |
| Butadiene | Jiangyin Tank Ex-Works | 14,350 | 14,350 | 0.00% |
| Butadiene | CFR China | 1,800 | 1,770 | 1.69% |
| Crude Oil | ICE Brent | 114.88 | 115.32 | -0.38% |
| BR Rubber | Daqing BR9000 | 16,700 | 16,700 | 0.00% |
| Notes: | ||||
| 1. Units for CFR China are USD/ton; units for crude oil are USD/barrel; all other units are CNY/ton. | ||||
| 2. Prices represent point prices from the two preceding working weeks before this week, not weekly averages. | ||||
| 3. The change rate reflects the period-over-period percentage change. |
III. Market Outlook
In the short term, domestic plant shutdowns are expected to reduce output, leading to slightly tight external sales resources. Combined with ongoing uncertainty regarding the Middle East situation, high crude oil prices provide strong cost support to the market. Traders continue to push up quotes, with reluctance to offer low prices diminishing. Meanwhile, downstream plants are gradually increasing their operating loads, resulting in some follow-up purchases of butadiene for essential needs. However, acceptance of high butadiene prices remains limited. Therefore, the domestic butadiene market is expected to consolidate at a strong level.
IV. Data Calendar
| Data Type | Release Date | Previous Value | Expected Trend This Period |
|---|---|---|---|
| Butadiene Port Inventory | Wednesday 17:00 PM | 2.53 | ↗ |
| Butadiene Production Profit | Friday 17:00 PM | 3,629.35 | ↗ |
| Butadiene Inventory Analysis | Friday 17:00 PM | 4.56 | ↘ |
| Butadiene Weekly Capacity Utilization | Friday 17:00 PM | 67.19% | ↘ |
| Butadiene Weekly Output | Friday 17:00 PM | 10.87 | ↘ |
| 1. ↓↑ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗↘ indicates narrow fluctuations, highlighting data with changes within 0–3%. |
| Product | Region | Oct 27 | Oct 26 | Change Rate |
|---|---|---|---|---|
| Butadiene | Shandong Luzhong Delivered | 14,050 | 14,200 | -1.06% |
| Butadiene | Jiangyin Tank Ex-Works | 13,750 | 13,815 | -0.47% |
| Butadiene | CFR China | 1,710 | 1,700 | 0.59% |
| Crude Oil | ICE Brent | 113.88 | 115.81 | -1.67% |
| BR Rubber | Daqing BR9000 | 16,400 | 16,400 | 0.00% |
| Notes: | ||||
| 1. Units for CFR China are USD/ton; units for crude oil are USD/barrel; all other units are CNY/ton. | ||||
| 2. Prices represent point prices from the two preceding working weeks before this week, not weekly averages. | ||||
| 3. The change rate reflects the period-over-period percentage change. |
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