① Crude oil and naphtha prices declined, weakening cost-side support.
② External sales resources in the North China region decreased, leading to slightly tight supply.
③ Downstream industry profits shrank, intensifying resistance to high-priced raw materials.
During this period, the domestic butadiene market fluctuated within a range. In the North China region, reduced external sales resources led to slightly tight supply, and traders had limited willingness to offer low prices. Meanwhile, most downstream enterprises resumed normal operations, maintaining essential demand for raw materials, which boosted market sentiment. However, as raw material prices rose, downstream profits gradually contracted, increasing resistance to high-priced inputs and raising transaction friction. Additionally, declining crude oil and naphtha prices weakened cost-side support. With mixed bullish and bearish factors in play, the market trended with range-bound fluctuations.
| Product | Region/Category | Current Avg | Previous Avg | Change | % Change | Unit |
|---|---|---|---|---|---|---|
| Crude Oil | Brent | 94.69 | 107.10 | -12.42 | -11.59% | USD/bbl |
| Naphtha | Japan | 895.95 | 1031.60 | -135.65 | -13.15% | USD/ton |
| Butadiene | Sinopec Listed Price | 14640 | 14910 | -270 | -1.81% | CNY/ton |
| CFR China | 1840 | 1864 | -24 | -1.29% | USD/ton | |
| FOB Korea | 1818 | 1820 | -2 | -0.11% | USD/ton | |
| Shandong | 14900 | 15075 | -175 | -1.16% | CNY/ton | |
| Jiangsu | 14555 | 14795 | -240 | -1.62% | CNY/ton | |
| Jiangyin | 14410 | 14602 | -192 | -1.31% | CNY/ton | |
| Zhejiang | 14555 | 14795 | -240 | -1.62% | CNY/ton | |
| BR Rubber | Shandong | 15990 | 16640 | -650 | -3.91% | CNY/ton |
| SBR | Shandong | 15640 | 16440 | -800 | -4.87% | CNY/ton |
| SBS | Shandong | 14600 | 14750 | -150 | -1.02% | CNY/ton |
| ABS | Yuyao | 11720 | 12600 | -880 | -6.98% | CNY/ton |
| NBR | Hengshui | 17180 | 17520 | -340 | -1.94% | CNY/ton |
Data Source: Chempricehub Information
The domestic butadiene market is expected to fluctuate within a narrow range next period. Some plants in the East China region have plans for short-term shutdowns for maintenance, while external sales resources from enterprises in the North China region remain limited. Under the tight supply situation, traders' willingness to quote low prices is weak. Combined with downstream enterprises following up on essential demand, it is difficult to find low-priced supplies in the market. However, declining crude oil and naphtha prices may limit downstream acceptance of high-priced raw materials, potentially affecting market trends. The domestic butadiene market is projected to oscillate narrowly. Delivery prices in central Shandong are expected to be between 14,000–15,500 CNY/ton. Market participants should cautiously monitor changes in supply and demand dynamics.
For more weekly market analysis, please refer to the Chempricehub Butadiene Weekly Report.
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