One-Week Outlook for Butadiene

I. Key Focus Points

1. Suppliers are maintaining firm offers, with limited willingness among traders to lower prices.
2. Downstream industries are gradually recovering profits, leading to cautious buying sentiment at high price levels.

Core Logic: Mixed bullish and bearish factors in the market; range-bound fluctuations expected.

II. Price Table

Notes:

1. Units for CFR China are USD/ton; units for crude oil are USD/barrel; all other units are CNY/ton.
2. The two periods represent point-in-time prices from the previous two working weeks before this week, not weekly averages.
3. Change rate refers to the period-over-period percentage change.

III. Data Table

Notes:

1. Capacity utilization reflects production performance, calculated as the ratio of actual output to total capacity for producing enterprises' facilities.
2. Weekly output represents the total production volume of sample enterprises for the current week.
3. Production profit is calculated based on theoretical margins for the C4 extraction process.

IV. Market Outlook

In the short term, domestic butadiene producers face a mix of facility restarts and shutdowns, which may lead to a slight decrease in output. Additionally, cost-side support remains strong due to elevated feedstock prices, boosting market sentiment. Traders show limited willingness to reduce selling prices. However, most downstream enterprises are operating at low loads and remain reluctant to purchase butadiene at high price levels, adopting a cautious wait-and-see approach. Therefore, the domestic butadiene market is expected to consolidate within a specific range.

V. Data Calendar

Notes:

1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuations, highlighting data with changes within 0–3%.