May 11 News – On May 11, domestic butadiene auction and sales conditions for some enterprises: Dongming Petrochemical offered 336 tons for external sale with a floor price of 12,200 yuan/ton; Satellite Chemical offered 336 tons for external sale with a starting price of 12,300 yuan/ton. Recently, the butadiene market has continued to weaken, with a sluggish trading atmosphere. Downstream players maintained just-in-time replenishment and adopted a wait-and-see attitude with price suppression. Most auctioned supplies failed to sell, prompting producers to actively lower prices and offer concessions. Demand support is insufficient, and bearish sentiment in the market is strong, with short-term range-bound fluctuations expected. Chempricehub assesses butadiene with a bullish-bearish score of -1.

From the spot perspective, the current butadiene market sees a sluggish trading atmosphere. Downstream players are only engaging in just-in-time replenishment, with a strong price-suppressing and wait-and-see sentiment. Most auction lots from enterprises have failed to sell, leading producers to actively cut prices and offer concessions. Insufficient demand support puts pressure on spot prices. On the futures side, the main butadiene rubber contract (SHFE 2606) closed at 15,335 yuan/ton on May 8, down 375 yuan/ton from the previous trading day, with open interest decreasing by 527 lots. The market is operating weakly, compounded by the bearish sentiment transmitted from the spot market. In the short term, butadiene prices are expected to trend bearish.