Table: Domestic Butadiene Price Summary (Unit: CNY/ton)
| Price Type | Enterprise/Region | Sep 9 Price | Sep 8 Price | Change | Change (%) |
|---|---|---|---|---|---|
| Ex-works quotation | Sinopec East China | 14,900 | 14,900 | 0 | 0.00% |
| Sinopec South China | 14,800 | 14,800 | 0 | 0.00% | |
| Sinopec North China | 14,900 | 14,900 | 0 | 0.00% | |
| Sinopec Central China | 14,900 | 14,900 | 0 | 0.00% | |
| Lianyungang Petrochemical | 14,500 | 14,500 | 0 | 0.00% | |
| Shenghong Refining | 14,900 | 14,700 | 200 | 1.36% | |
| Dalian Hengli | 14,710 | 14,710 | 0 | 0.00% | |
| Yantai Wanhua | 15,000 | 14,580 | 420 | 2.88% | |
| Liaoyang Petrochemical | 14,500 | 14,640 | -140 | -0.96% | |
| Shenhua Ningxia Coal | -- | -- | -- | -- | |
| Inner Mongolia Jiutai | 14,000 | 14,000 | 0 | 0.00% | |
| Dongming Petrochemical | -- | -- | -- | -- | |
| Yulong Petrochemical | 14,900 | 14,600 | 300 | 2.05% | |
| Market price | Shandong Luzhong delivered | 15,025 | 14,940 | 85 | 0.57% |
| Jiangyin ex-tank self-pickup | 14,700 | 14,500 | 200 | 1.38% | |
| Yellow Sea west coast self-pickup | 14,900 | 14,595 | 305 | 2.09% | |
| Key downstream | |||||
| Butadiene rubber | Shandong Daqing BR9000 | 15,750 | 15,600 | 150 | 0.96% |
| Styrene-butadiene rubber | Shandong Qilu 1502 | 16,100 | 15,900 | 200 | 1.26% |
Source: Chempricehub Information
Taking the delivered price in the Luzhong area of Shandong as the benchmark, today's price closed at 15,020 CNY/ton, up 85 CNY/ton from the previous day. Today, the domestic butadiene market edged up in a narrow range. In the morning, the major downstream synthetic rubber products trended upward, and market sentiment remained relatively strong, with sellers firm in their offers. However, downstream demand showed no marked improvement, and there was strong resistance to high-priced feedstock. Buying follow-through was moderate, and high-priced transactions met considerable resistance amid downstream caution. Delivered prices in the Luzhong area of Shandong ranged from 14,950 to 15,100 CNY/ton, while ex-tank self-pickup prices in East China were referenced at 14,600–14,800 CNY/ton.
On September 9, the capacity utilization rate of the domestic butadiene industry was 64.04%, up 0.04 percentage points from the previous working day. In terms of theoretical production margins, the Japanese naphtha market rose on September 8, while Sinopec kept its butadiene price stable at 14,900 CNY/ton. As a result, the theoretical production margin for butadiene produced via C4 extraction increased, with the C4 extraction process margin calculated at 5,721.46 CNY/ton.
With crude oil prices remaining elevated in the short term, the cost side still provides some support for butadiene. Traders are actively holding prices firm while selling, and low-priced spot resources are hard to find in the market. However, downstream plants operating at reduced loads have weakened their willingness to purchase feedstock, and their acceptance of high prices is limited, which may restrain the market trend to some extent. The domestic butadiene market is expected to fluctuate within a narrow range.
Synthetic rubber market: Today, butadiene rubber and styrene-butadiene rubber prices rose. In the Shandong market, Daqing BR9000 increased by 150 CNY/ton to 15,750 CNY/ton, and Qilu SBR 1502 increased by 200 CNY/ton to 16,100 CNY/ton.
Table 4: Domestic Butadiene Data Overview (Unit: 10,000 tons, CNY/ton)
| Data Item | Release Date | Previous Data | Expected Trend |
|---|---|---|---|
| Butadiene port inventory | Wed 17:00 | 2.62 | ↗ |
| Butadiene production margin | Fri 17:00 | 4,535.25 | ↗ |
| Butadiene inventory analysis | Fri 17:00 | 4.05 | ↗ |
| Weekly butadiene capacity utilization | Fri 17:00 | 64.63% | ↘ |
| Weekly butadiene production | Fri 17:00 | 10.46 | ↘ |
Source: Chempricehub Information
Notes:
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