Buyers are adopting a cautious stance, resulting in minor fluctuations in the butadiene market.

1. Today's Summary

① On October 9, Sinopec East China ex-factory butadiene prices remained stable at 14,000 RMB/ton. The downstream BR (cis-1,4-polybutadiene rubber) market was steady, while SBR (styrene-butadiene rubber) prices increased.

② On October 9, the domestic butadiene industry capacity utilization rate stood at 67.47%, a slight increase of 0.03 percentage points from the previous business day.

2. Spot Market Overview

Table: Domestic Butadiene Price Summary (Unit: RMB/ton)

Based on the delivered price in the Shandong Luzhong region, today's price closed at 14,150 RMB/ton, a decrease of 25 RMB/ton compared to the previous period. Today, the domestic butadiene market experienced minor fluctuations. In the morning session, sentiment was largely wait-and-see; sellers maintained firm offers with low willingness to sell cheaply. In the afternoon, market sentiment strengthened further as sellers raised their offer intentions. However, downstream enterprises had limited acceptance for high-priced raw materials, maintaining a cautious buying stance, resulting in minor market fluctuations. The delivered price in the Shandong Luzhong region ranged from 14,100–14,200 RMB/ton, while the tank-out self-pickup price in East China referenced 13,800–13,900 RMB/ton.

On October 9, the domestic butadiene industry capacity utilization rate was 67.47%, a slight increase of 0.03 percentage points from the previous business day. Regarding theoretical production profit, on October 8, the Japanese naphtha market rose, and Sinopec butadiene prices increased by 500 RMB/ton to 14,000 RMB/ton. Consequently, the theoretical production profit for butadiene extraction from C4 fractions rose, with the calculated profit for the C4 extraction process standing at 4,224.88 RMB/ton.

4. Price Forecast

In the short term, supply-side factors are unlikely to significantly drive the market. Demand recovery among downstream enterprises still requires time, with purchases remaining based on rigid needs. However, the upward trend in both futures and spot markets for synthetic rubber (the primary downstream sector), combined with bottom-level cost support, has bolstered seller confidence and firm offer sentiment. With few low-priced sources available in the market, the domestic butadiene market is expected to consolidate within a range.

5. Related Product Status

Synthetic Rubber Market: Today, prices for both BR and SBR increased. In the Shandong market, Daqing BR9000 prices remained stable at 16,400 RMB/ton, while Qilu SBR 1502 prices increased by 200 RMB/ton to 16,800 RMB/ton.

6. Data Calendar

Table: Domestic Butadiene Data List (Unit: 10,000 tons, RMB/ton)