On February 6, the bidding and sales status of some domestic butadiene enterprises: Dongming Petrochemical sold 336 tons externally with a reserve price of 9,900 yuan/ton; Satellite Chemical sold 336 tons externally with a reserve price of 9,900 yuan/ton; Yantai Wanhua started bidding for 84 tons with a reserve price of 10,000 yuan/ton. Recently, the domestic butadiene market has shown a weak operating trend, with prices declining rapidly. Multiple factors are jointly suppressing market conditions, and it is highly likely to remain weak and consolidating before the holiday. Subsequent attention should be paid to the operating rates of major downstream industries and the post-holiday resumption pace. PriceSeek analysis of butadiene, bullish-bearish score: -1.5. The article indicates that the bidding reserve prices of butadiene enterprises are relatively low (Dongming Petrochemical and Satellite Chemical at 9,900 yuan/ton, Yantai Wanhua at 10,000 yuan/ton), supply has increased (total external sales of 756 tons), and the market is showing a weak operating trend with rapid price declines. Multiple factors, such as weak pre-holiday demand (possible slowdown in operations of major downstream industries) and supply pressure, are jointly suppressing market conditions. It is expected to remain weak and consolidating before the holiday. This leads to a significant increase in downside risks for spot butadiene prices, with a score of -1.5 (strong bearish signal), as oversupply and weakened demand expectations continue to exert pressure on prices.