① High crude oil prices provide some support to the cost side.
② Approaching contract deliveries and holiday impacts have led some downstream users to restock based on rigid demand.
③ Market sentiment has strengthened, with sellers maintaining firm offer intentions, resulting in a slight upward trend in the latter part of the week.
During this period, the domestic butadiene market traded within a range. The Nanjing Chengzhi butadiene unit in China restarted, and a unit in the North China region resumed operations after a short shutdown. Although supply increased slightly, its impact on market trends was limited. Combined with persistently weak downstream demand, producers faced continued losses and showed increasing resistance to high-priced raw materials. With a cautious wait-and-see attitude, purchasing willingness remained low, dragging the market down slightly in the early part of the week. However, considering that high crude oil prices provided some support to costs, and due to approaching contract deliveries and holiday effects, some downstream users engaged in restocking driven by rigid demand. This boosted market sentiment, leading sellers to maintain firm offer intentions, which resulted in a slight upward movement in the latter part of the week. As of September 24, 2026, delivered prices in the Shandong Central Region ranged from 13,800 to 13,950 RMB/ton, while ex-tank self-pickup prices in East China referenced 13,500 to 13,700 RMB/ton.
| Product | Region/Category | Current Avg | Previous Avg | Change | Change % | Unit |
|---|---|---|---|---|---|---|
| Crude Oil | Brent | 102.27 | 106.22 | -3.95 | -3.72% | USD/barrel |
| Naphtha | Japan | 904.25 | 946.29 | -42.04 | -4.44% | USD/ton |
| Butadiene | Sinopec Posted Price | 13567 | 14440 | -873 | -6.05% | RMB/ton |
| CFR China | 1598 | 1595 | 3 | 0.19% | USD/ton | |
| FOB Korea | 1566 | 1520 | 46 | 3.03% | USD/ton | |
| Shandong | 13738 | 14330 | -593 | -4.13% | RMB/ton | |
| Jiangsu | 13554 | 14170 | -616 | -4.35% | RMB/ton | |
| Jiangyin | 13367 | 13980 | -613 | -4.39% | RMB/ton | |
| Zhejiang | 13554 | 14170 | -616 | -4.35% | RMB/ton | |
| BR Rubber | Shandong | 15142 | 15330 | -188 | -1.23% | RMB/ton |
| SBR Rubber | Shandong | 15417 | 15600 | -183 | -1.18% | RMB/ton |
| SBS | Shandong | 15000 | 15280 | -280 | -1.83% | RMB/ton |
| ABS | Yuyao | 11025 | 11560 | -535 | -4.63% | RMB/ton |
| NBR Rubber | Hengshui | 17517 | 17800 | -283 | -1.59% | RMB/ton |
Data Source: Chempricehub Information
The domestic butadiene market is expected to fluctuate weakly next period. On the supply side, units in the East and North China regions have restarted, leading to a slight increase in domestic output and easing the tightness of circulating resources, though their guidance on market trends remains limited. On the demand side, most downstream industries are still operating at a loss, and plant utilization rates remain relatively low. Consequently, there is little expectation for a significant boost in butadiene procurement demand, which may drag down market trends. The center of gravity for new deal negotiations may shift lower, suggesting a weak fluctuation in the domestic butadiene market. Delivered prices in the Shandong Central Region are estimated to be between 13,000 and 13,500 RMB/ton. Market participants should cautiously monitor changes in domestic and international supply conditions.
For more weekly market analysis, please refer to the Chempricehub Butadiene Weekly Report.
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