May 12 News | On Monday (May 11), the Asian butadiene market closed lower: Korea FOB quoted at $1715-1723/ton; China CFR quoted at $1655-1663/ton.

Chempricehub assesses butadiene: Bullish/Bearish Score: -1
On May 11, spot butadiene prices in the Asian market closed lower, with Korea FOB at $1715-1723/ton and China CFR at $1655-1663/ton. This reflects weakened supply-demand dynamics in the current market, exerting a generally bearish influence on butadiene spot prices. Related derivative prices also face downward pressure accordingly.

Butadiene rubber: Bullish/Bearish Score: -1
Butadiene is the core feedstock for butadiene rubber production. The decline in butadiene spot prices will lower the production costs of butadiene rubber, creating a generally bearish impact on its pricing. On May 11, the main contract (2606) for butadiene rubber on the Shanghai Futures Exchange closed at 15,455 yuan/ton, down 135 yuan/ton from the previous trading day, with open interest decreasing by 3,153 lots. The market has already factored in the raw material bearishness, and short-term prices may continue to weaken.