① Raw material prices remain at elevated levels, with cost-side support still relatively strong.
② Some units have restarted, alleviating tight market supply.
③ Downstream industry profits are gradually recovering, and plant operating rates are slowly increasing.
During this period, the domestic butadiene market fluctuated within a range. Uncertainty regarding developments in the Middle East has kept crude oil and naphtha prices at high levels, providing continued strong support from the cost side; consequently, some sellers show little willingness to offer lower prices. On the supply side, butadiene units at North Huajin Chemical and Hainan Refining & Chemical have gradually restarted, easing the shortage of market resources. On the demand side, as downstream industry profits recover gradually, plant operating rates are rising slowly. However, incremental demand for butadiene procurement remains limited. Amid strong buyer pressure on prices, some sellers have offered discounts to facilitate shipments. With bullish and bearish factors intertwined, the market trended sideways within a range.
| Product | Region/Category | Current Period Avg. | Previous Period Avg. | Change | % Change | Unit |
|---|---|---|---|---|---|---|
| Crude Oil | Brent | 108.59 | 105.48 | 3.11 | 2.95% | USD/bbl |
| Naphtha | Japan | 992.60 | 986.40 | 6.20 | 0.63% | USD/t |
| Butadiene | Sinopec Listed Price | 13410 | 13750 | -340 | -2.47% | CNY/t |
| CFR China | 1626 | 1615 | 11 | 0.68% | USD/t | |
| FOB Korea | 1598 | 1587 | 11 | 0.71% | USD/t | |
| Shandong | 13410 | 13704 | -294 | -2.15% | CNY/t | |
| Jiangsu | 13315 | 13621 | -306 | -2.25% | CNY/t | |
| Jiangyin | 13120 | 13442 | -322 | -2.39% | CNY/t | |
| Zhejiang | 13315 | 13621 | -306 | -2.25% | CNY/t | |
| BR Rubber | Shandong | 16120 | 16408 | -288 | -1.76% | CNY/t |
| SBR Rubber | Shandong | 16100 | 16533 | -433 | -2.62% | CNY/t |
| SBS | Shandong | 14460 | 14540 | -80 | -0.55% | CNY/t |
| ABS | Yuyao | 12050 | 11842 | 208 | 1.76% | CNY/t |
| NBR Rubber | Hengshui | 17380 | 17517 | -137 | -0.78% | CNY/t |
Data Source: Chempricehub Information
The domestic butadiene market is expected to consolidate within a range next period. The situation in the Middle East remains unclear; with crude oil prices staying high, the cost side continues to provide bottom-line support for the market, and some sellers show little intention to price aggressively low. On the supply side, butadiene units at Hainan Refining & Chemical and North Huajin Chemical plan to restart, leading to an expectation of increased domestic output. Meanwhile, downstream demand recovery requires more time; plant operating rates are rising slowly, and procurement interest for butadiene remains weak, which may impact market trends. With bullish and bearish factors intertwined, the domestic butadiene market is predicted to move sideways. Shandong central delivery prices are estimated to be between 13,000–14,000 CNY/ton. Market participants should cautiously monitor changes in domestic and international supply conditions for guidance.
For more weekly market analysis, please refer to the Chempricehub Weekly Butadiene Report.
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