On September 9, domestic butadiene auction and sales updates from several enterprises are as follows: Yantai Wanhua offered 140 tons for external sale, with a reserve price of RMB 15,000/ton; Satellite Chemical offered 336 tons for external sale, with a starting price of RMB 14,500/ton. Strengthening crude oil prices have improved the sentiment in the spot market, and negotiation atmosphere is fairly active. However, downstream enterprises generally remain in a wait-and-see mode with insufficient purchasing intentions, and the spot market is expected to maintain a firm upward trajectory.
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