I. Key Focus Areas
Core Logic: Supply-side support is keeping market prices fluctuating within a narrow range.
II. Price Table
| Product | Region/Delivery Basis | Oct 22 | Oct 21 | Change Rate |
|---|---|---|---|---|
| Butadiene | Shandong Central (Delivered) | 13,450 | 13,325 | 0.94% |
| Butadiene | Jiangyin (Tank Ex-Works Pickup) | 13,100 | 13,050 | 0.38% |
| Butadiene | CFR China | 1,630 | 1,630 | 0.00% |
| Crude Oil | ICE Brent | 113.17 | 108.82 | 4% |
| BR Rubber | Daqing BR9000 | 16,050 | 16,050 | 0.00% |
| Notes: | ||||
| 1. Unit for CFR China is USD/ton; unit for Crude Oil is USD/barrel; units for all other items are CNY/ton. | ||||
| 2. The two price periods represent spot prices from the previous two working weeks prior to this week, not weekly averages. | ||||
| 3. Change rate refers to the period-over-period change. |
III. Market Outlook
In the short term, geopolitical conflicts in the Middle East continue to drive high crude oil prices, sustaining cost-side support and reducing sellers' willingness to lower prices. However, downstream operating rates are recovering slowly, leading to limited incremental demand for butadiene, with buyers remaining cautious in their procurement. Consequently, the domestic butadiene market is expected to fluctuate within a narrow range in the short term.
IV. Data Calendar
| Data Type | Release Time | Previous Value | Expected Trend for Current Period |
|---|---|---|---|
| Butadiene Port Inventory | Wed 17:00 PM | 2.29 | ↗ |
| Butadiene Production Profit | Fri 17:00 PM | 3,507.65 | ↗ |
| Butadiene Inventory Analysis | Fri 17:00 PM | 4.41 | ↗ |
| Butadiene Weekly Capacity Utilization Rate | Fri 17:00 PM | 66.46% | ↗ |
| Butadiene Weekly Output | Fri 17:00 PM | 10.76 | ↗ |
| 1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗↘ indicates narrow-range fluctuations, highlighting data with changes within 0–3%. |
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