① On November 10, Sinopec East China ex-factory butadiene prices were lowered by RMB 300/ton to RMB 14,600/ton, leading to a decline in downstream synthetic rubber prices.
② On November 10, the domestic butadiene industry's capacity utilization rate stood at 65.15%, remaining stable compared to the previous business day.
Table: Domestic Butadiene Price Summary (Unit: RMB/ton)
| Price Type | Producer/Region | 2026-11-10 | 2026-11-9 | Change (Value) | Change (%) |
|---|---|---|---|---|---|
| Ex-factory Quote | Sinopec East China | 14,600 | 14,900 | -300 | -2.01% |
| Sinopec South China | 14,550 | 14,850 | -300 | -2.02% | |
| Sinopec North China | 14,700 | 15,000 | -300 | -2.00% | |
| Sinopec Central China | 14,600 | 14,900 | -300 | -2.01% | |
| Lianyungang Petrochemical | 14,650 | 14,840 | -190 | -1.28% | |
| Shenghong Refining & Chemical | 14,500 | 15,050 | -550 | -3.65% | |
| Dalian Hengli | 14,760 | 14,760 | 0 | 0.00% | |
| Yantai Wanhua | 14,900 | 14,900 | 0 | 0.00% | |
| Liaoyang Petrochemical | 14,530 | 14,530 | 0 | 0.00% | |
| Shenhua Ningmei | 14,150 | 14,800 | -650 | -4.39% | |
| Inner Mongolia Jiutai | 14,200 | 14,200 | 0 | 0.00% | |
| Dongming Petrochemical | 14,740 | 14,730 | +10 | +0.07% | |
| Yulong Petrochemical | 15,105 | 15,105 | 0 | 0.00% | |
| Market Price | Shandong Central Delivery | 14,775 | 15,300 | -525 | -3.43% |
| Jiangyin Tank-out Self-pickup | 14,300 | 14,750 | -450 | -3.05% | |
| West Coast Yellow Sea Self-pickup | 14,400 | 15,060 | -660 | -4.38% | |
| Key Downstream Products | |||||
| BR Rubber | Shandong Daqing BR9000 | 15,800 | 16,100 | -300 | -1.86% |
| SBR Rubber | Shandong Qilu 1502 | 15,400 | 15,800 | -400 | -2.53% |
| Data Source: Chempricehub Information |
Using the delivered price in the Shandong Central region as the benchmark, today's price closed at RMB 14,775/ton, a drop of RMB 525/ton from the previous period. Today, domestic butadiene market prices declined. The market conditions for key downstream products weakened, resulting in strong wait-and-see sentiment within the market. Combined with limited willingness to purchase at high prices, merchants offered discounts to clear inventory, while buyer follow-through was weak, causing the overall market trend to fall. Delivered prices in the Shandong Central region ranged from RMB 14,700–14,850/ton, and the reference price for tank-out self-pickup in East China was around RMB 14,300/ton.
On November 10, the domestic butadiene industry's capacity utilization rate was 65.15%, stable compared to the previous business day. Regarding theoretical production profits, on November 9, the Japanese naphtha market remained stable. Sinopec butadiene prices rose by RMB 400/ton to RMB 14,900/ton, boosting the theoretical production profit for butadiene via C4 extraction. The calculated profit for the C4 extraction process was RMB 5,600.92/ton.
In the short term, weakening crude oil and naphtha prices have reduced cost support. Additionally, downstream acceptance of high-priced raw materials is limited, exacerbating cautious wait-and-see sentiment. Although trading activity remains moderate and tight spot availability prevents traders from offering significant discounts, low buying interest persists. Consequently, the domestic butadiene market is expected to consolidate in a weak manner.
Synthetic Rubber Market: Prices for both cis-butadiene rubber (BR) and styrene-butadiene rubber (SBR) declined today. In the Shandong market, Daqing BR9000 dropped by RMB 300/ton to RMB 15,800/ton, while Qilu SBR 1502 fell by RMB 400/ton to RMB 15,400/ton.
Table 4: Domestic Butadiene Data Overview (Units: 10,000 tons, RMB/ton)
| Data Item | Release Date | Previous Period Data | Current Period Trend Forecast |
|---|---|---|---|
| Butadiene Port Inventory | Wednesday 17:00 PM | 3.15 | ↗ |
| Butadiene Production Profit | Friday 17:00 PM | 4,828.46 | ↘ |
| Butadiene Inventory Analysis | Friday 17:00 PM | 5.3 | ↗ |
| Butadiene Weekly Capacity Utilization Rate | Friday 17:00 PM | 64.36% | ↗ |
| Butadiene Weekly Output | Friday 17:00 PM | 10.87 | ↘ |
| Data Source: Chempricehub Information | |||
| Notes: | |||
| 1. ↓↑ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗↘ indicates narrow-range fluctuations, highlighting data with changes within 0–3%. |
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