Butadiene prices have been raised, with tight supply supporting the market.

ChemPriceHub, November 10 –

On November 10, Sinopec East China priced at RMB 14,900/ton; Sinopec North China at RMB 14,900/ton; Sinopec Central China at RMB 14,900/ton; and Sinopec South China at RMB 14,800/ton, reflecting an increase of RMB 400/ton compared to the previous trading day. The butadiene market exhibited a firm trend today. Recent reductions in operating rates at several plants have tightened overall supply, limiting spot availability. Holders are reluctant to sell, and bullish sentiment has driven spot prices higher. However, demand-side performance has been lackluster recently. Market participants should continue to closely monitor the trajectory of synthetic rubber futures for future price direction.