Butadiene Weekly Outlook (September 14, 2026)

I. Key Focus Points

1. Some short-shutdown units in North China are scheduled for restarts, potentially leading to a slight increase in domestic supply.
2. Downstream demand is unlikely to show significant improvement, with buyer follow-through falling below expectations.

Core Logic: Negative market feedback is gradually emerging, resulting in high-level oscillation in prices.

II. Price Table

Note:

1. CFR China unit is USD/ton; Crude Oil unit is USD/barrel; all other units are CNY/ton.
2. The two price periods represent spot prices from the two preceding working weeks, not weekly averages.
3. Change rate refers to the period-over-period change.

III. Data Table

Notes:

1. Capacity utilization reflects the ratio of producers' output to capacity, indicating production levels.
2. Weekly output represents the total production of sample enterprises for the current week.
3. Production profit is calculated based on theoretical margins for the C4 extraction process.

IV. Market Outlook

Recently, some short-shutdown units in North China have planned restarts, which may lead to a slight increase in domestic supply and a marginal easing of the tight spot market situation. However, downstream demand is struggling to gain momentum, with frequent reports of downstream plants reducing operating loads. This has resulted in weak buying interest in butadiene and a prevalent cautious wait-and-see attitude, which may exert pressure on prices. Nevertheless, considering that crude oil prices remain at high levels, providing cost-side support, the domestic butadiene market is expected to fluctuate at high levels with a slightly weaker trend.

V. Data Calendar

Notes:

1. ↓↑ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuations, highlighting data with changes within 0–3%.