On February 4, the delivered price of butadiene in the Shandong region was 10,500–10,600 yuan/ton, while the ex-tank self-pickup price in East China was quoted at 10,200–10,250 yuan/ton, down 75 yuan/ton from the previous trading day. Recently, the domestic butadiene market has been supported by the strong performance of downstream synthetic rubber futures and insufficient supply of low-priced goods, leading to firm seller quotations. However, downstream enterprises are generally under profit pressure, resulting in cautious purchasing sentiment and a stalemate in market trading activity. It is expected that the domestic butadiene market will experience narrow-range consolidation in the short term, with buyers adopting a wait-and-see approach. Subsequent attention should focus on downstream actual order transactions and regional supply flow conditions.