On October 16, Sinopec East China implemented a price of RMB 13,500/ton, Sinopec North China at RMB 13,500/ton, Sinopec Central China at RMB 13,500/ton, and Sinopec South China at RMB 13,400/ton. Recently, the butadiene market has been characterized by supply-demand tug-of-war. On the supply side, refinery operating rates have remained stable, resulting in ample spot availability. Downstream enterprises are primarily engaging in procurement based on essential needs, with heightened wait-and-see sentiment prevailing. In the short term, the market is expected to exhibit limited fluctuations within a narrow range.
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