Core Logic: While anticipated demand growth and tight supply provide fundamental support, downstream buyers remain cautious about accepting high prices. Consequently, the domestic butadiene market is expected to primarily exhibit fluctuating trends.
| Product | Region | Nov 9 | Nov 6 | Change Rate |
|---|---|---|---|---|
| Butadiene | Shandong Central Delivery | 15,300 | 14,800 | 3.38% |
| Butadiene | Jiangyin Ex-tank Self-pickup | 14,750 | 14,400 | 2.43% |
| Butadiene | CFR China | -- | 1,840 | -- |
| Crude Oil | ICE Brent | 92.57 | 98.32 | -5.85% |
| BR Rubber | Daqing BR9000 | 16,100 | 15,950 | 0.94% |
| Notes: | ||||
| 1. Units for CFR China are USD/ton; units for crude oil are USD/barrel. All other units are CNY/ton. | ||||
| 2. Prices represent point-in-time values from the two preceding working weeks, not weekly averages. | ||||
| 3. Change rate indicates week-on-week variation. |
In the short term, major downstream products have shown strength, and production at downstream enterprises is gradually resuming. This creates incremental demand for butadiene, providing continued support to the market. Additionally, tight availability of export-oriented resources has heightened bullish sentiment among domestic traders, making low-priced货源 (sources) difficult to find. However, downstream resistance to high prices persists. Therefore, the domestic butadiene market is expected to remain primarily volatile with fluctuating trends.
| Data Type | Release Time | Previous Value | Expected Trend |
|---|---|---|---|
| Butadiene Port Inventory | Wed 17:00 PM | 3.15 | ↗ |
| Butadiene Production Profit | Fri 17:00 PM | 3,629.35 | ↗ |
| Butadiene Inventory Analysis | Fri 17:00 PM | 4.56 | ↘ |
| Butadiene Weekly Capacity Utilization | Fri 17:00 PM | 67.19% | ↘ |
| Butadiene Weekly Output | Fri 17:00 PM | 10.87 | ↘ |
| 1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗↘ indicates narrow-range volatility, highlighting data dimensions with changes within 0-3%. |
| Product | Region | Oct 27 | Oct 26 | Change Rate |
|---|---|---|---|---|
| Butadiene | Shandong Central Delivery | 14,050 | 14,200 | -1.06% |
| Butadiene | Jiangyin Ex-tank Self-pickup | 13,750 | 13,815 | -0.47% |
| Butadiene | CFR China | 1,710 | 1,700 | 0.59% |
| Crude Oil | ICE Brent | 113.88 | 115.81 | -1.67% |
| BR Rubber | Daqing BR9000 | 16,400 | 16,400 | 0.00% |
| Notes: | ||||
| 1. Units for CFR China are USD/ton; units for crude oil are USD/barrel. All other units are CNY/ton. | ||||
| 2. Prices represent point-in-time values from the two preceding working weeks, not weekly averages. | ||||
| 3. Change rate indicates week-on-week variation. |
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