On September 24, the auction and sales status of butadiene for selected domestic enterprises were as follows: Yantai Wanhua sold 196 tons externally with an opening bid price of RMB 13,400/ton; Satellite Chemical sold 476 tons externally with an opening bid price of RMB 13,400/ton.
Regional trends in the domestic butadiene market have diverged. In Shandong, pre-holiday stockpiling by downstream users has stimulated trading activity and driven prices higher. Conversely, in East China, downstream buyers have resisted high prices, adopting a wait-and-see approach amid limited actual transactions, leading to a slight decline in prices.
The supply-demand dynamics across regions show significant divergence, with bullish and bearish factors maintaining a balanced equilibrium. In the short term, the market is expected to continue fluctuating within a narrow range.
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