① On September 16, Sinopec East China's ex-factory price for butadiene remained stable at 14,200 RMB/ton. The downstream synthetic rubber market trended slightly upward amid general stability.
② On September 16, the capacity utilization rate of the domestic butadiene industry was 66.41%, remaining stable compared to the previous working day.
Table: Domestic Butadiene Price Summary (Unit: RMB/ton)
| Price Type | Producer/Region | Sep 16 Price | Sep 15 Price | Change | Change (%) |
|---|---|---|---|---|---|
| Ex-Factory Quote | Sinopec East China | 14200 | 14200 | 0 | 0.00% |
| Sinopec South China | 14100 | 14100 | 0 | 0.00% | |
| Sinopec North China | 14200 | 14200 | 0 | 0.00% | |
| Sinopec Central China | 14200 | 14200 | 0 | 0.00% | |
| Lianyungang Petrochemical | 14040 | 14000 | 40 | 0.29% | |
| Shenghong Refining & Chemical | 14500 | 14500 | 0 | 0.00% | |
| Dalian Hengli | 14010 | 14710 | -700 | -4.76% | |
| Yantai Wanhua | 14060 | 14500 | -440 | -3.03% | |
| Liaoyang Petrochemical | 13820 | 14300 | -480 | -3.36% | |
| Shenhua Ningmei | -- | -- | -- | -- | |
| Inner Mongolia Jiutai | 13300 | 13500 | -200 | -1.48% | |
| Dongming Petrochemical | -- | -- | -- | -- | |
| Yulong Petrochemical | 14000 | 14000 | 0 | 0.00% | |
| Market Price | Shandong Luzhong Delivered | 14350 | 14075 | 275 | 1.95% |
| Jiangyin Tank Pickup | 13850 | 13600 | 250 | 1.84% | |
| Huanghai West Bank Pickup | 14020 | 13850 | 170 | 1.23% | |
| Key Downstream | |||||
| BR Rubber | Shandong Daqing BR9000 | 15200 | 15000 | 200 | 1.33% |
| SBR Rubber | Shandong Qilu 1502 | 15400 | 15400 | 0 | 0.00% |
Data Source: Chempricehub Information
Based on the delivered price in the Shandong Luzhong region, today's closing price stood at 14,350 RMB/ton, an increase of 275 RMB/ton from the previous period. Today, domestic butadiene market prices edged higher. Both futures and spot markets for the main downstream product, synthetic rubber, strengthened, improving market sentiment. Sellers showed little willingness to lower offers, while premium transactions in supplier auctions provided further support to the market. In the afternoon, market sentiment continued to rise, with traders adjusting their quotes slightly upward, pushing the market center of gravity higher. Delivered prices in the Shandong Luzhong region ranged between 14,300–14,400 RMB/ton, while tank pickup prices in East China were referenced at 13,800–13,900 RMB/ton.
On September 16, the capacity utilization rate of the domestic butadiene industry was 66.41%, holding steady compared to the previous working day. Regarding theoretical production profit, on September 15, the Japanese naphtha market declined, and Sinopec adjusted its butadiene price down by 700 RMB/ton to 14,200 RMB/ton. Consequently, the theoretical production profit for butadiene via C4 extraction decreased, with the calculated profit for the C4 extraction process standing at 4,546.05 RMB/ton.
In the short term, Nanjing Chengzhi's butadiene unit plans to restart soon, which may lead to a slight increase in domestic supply. On the demand side, downstream enterprises' demand remains relatively weak, with rigid demand buyers showing limited follow-through at high prices. A cautious wait-and-see attitude prevails in the market. However, uncertainty regarding the Middle East situation continues to keep crude oil prices elevated. Therefore, the domestic butadiene market is expected to consolidate at high levels.
Synthetic Rubber Market: Today, polybutadiene rubber (BR) prices rose, while styrene-butadiene rubber (SBR) prices remained stable. In the Shandong market, Daqing BR9000 prices increased by 200 RMB/ton to 15,200 RMB/ton, while Qilu SBR 1502 prices held steady at 15,400 RMB/ton.
Table 4: Domestic Butadiene Data Overview (Unit: 10k tons, RMB/ton)
| Indicator | Release Time | Previous Period | Expected Trend This Period |
|---|---|---|---|
| Butadiene Port Inventory | Wed 17:00 PM | 1.90 | ↗ |
| Butadiene Production Profit | Fri 17:00 PM | 5704.78 | ↘ |
| Butadiene Inventory Analysis | Fri 17:00 PM | 3.47 | ↗ |
| Weekly Capacity Utilization Rate | Fri 17:00 PM | 63.85% | ↗ |
| Weekly Output | Fri 17:00 PM | 10.31 | ↗ |
Data Source: Chempricehub Information
Notes:
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