① On September 22, Sinopec East China's ex-factory price for butadiene remained stable at CNY 13,500/ton. Downstream synthetic rubber market prices increased.
② On September 22, the domestic butadiene industry capacity utilization rate was 65.47%, remaining stable compared to the previous working day.
Table: Domestic Butadiene Price Summary (Unit: CNY/ton)
| Price Type | Producer/Region | Sep 22 Price | Sep 21 Price | Change Value | Change % |
|---|---|---|---|---|---|
| Ex-factory Quote | Sinopec East China | 13,500 | 13,500 | 0 | 0.00% |
| Sinopec South China | 13,450 | 13,450 | 0 | 0.00% | |
| Sinopec North China | 13,600 | 13,600 | 0 | 0.00% | |
| Sinopec Central China | 13,500 | 13,500 | 0 | 0.00% | |
| Lianyungang Petrochemical | 13,400 | 13,400 | 0 | 0.00% | |
| Shenghong Refining & Chemical | 13,400 | 13,600 | -200 | -1.47% | |
| Dalian Hengli | 13,310 | 13,510 | -200 | -1.48% | |
| Yantai Wanhua | 13,300 | 13,440 | -140 | -1.04% | |
| Liaoyang Petrochemical | 12,980 | 13,000 | -20 | -0.15% | |
| Shenhua Ningmei | 13,050 | 13,050 | 0 | 0.00% | |
| Inner Mongolia Jiutai | 12,800 | 12,800 | 0 | 0.00% | |
| Dongming Petrochemical | 13,100 | 13,400 | -300 | -2.24% | |
| Yulong Petrochemical | 13,500 | 13,500 | 0 | 0.00% | |
| Market Price | Shandong Luzhong Delivered | 13,675 | 13,675 | 0 | 0.00% |
| Jiangyin Tank Departure Self-pickup | 13,300 | 13,150 | 150 | 1.14% | |
| West Bank of Yellow Sea Self-pickup | 13,435 | 13,480 | -45 | -0.33% | |
| Key Downstream Products | |||||
| Polybutadiene Rubber | Shandong Daqing BR9000 | 15,200 | 15,050 | 150 | 1.00% |
| Styrene-Butadiene Rubber | Shandong Qilu 1502 | 15,400 | 15,300 | 100 | 0.65% |
Based on the delivered price in the Shandong Luzhong region, today's closing price was CNY 13,675/ton, remaining stable compared to the previous period. Today, domestic butadiene market prices consolidated within a range. High crude oil prices provided strong cost-side support, while the upward trend in major downstream synthetic rubber markets boosted market sentiment. Sellers maintained firm offer intentions with reduced willingness to sell at lower prices; however, downstream demand showed no significant improvement, and buyer follow-up was moderate. The market exhibited cautious sentiment, with prices consolidating at high levels.
On September 22, the domestic butadiene industry capacity utilization rate was 65.47%, remaining stable compared to the previous working day. Regarding theoretical production profits, on September 21, the Japanese naphtha market declined, and Sinopec's butadiene price was adjusted down by CNY 200/ton to CNY 13,500/ton. Consequently, the theoretical production profit for butadiene via C4 extraction decreased, with the calculated profit for the C4 extraction process standing at CNY 4,271.52/ton.
The short-term situation in the Middle East remains unclear, and raw material prices continue to provide some cost-side support for butadiene. Traders are mostly maintaining firm pricing to facilitate shipments, making it difficult for low-priced inventory to enter the market. However, the recovery of downstream enterprise demand still requires time. With strong resistance to high prices, significant buyer follow-up is unlikely. Domestic butadiene prices are expected to fluctuate within a range.
Synthetic Rubber Market: Today, prices for polybutadiene rubber and styrene-butadiene rubber increased. In the Shandong market, Daqing BR9000 prices rose by CNY 150/ton to CNY 15,200/ton, and Qilu SBR 1502 prices rose by CNY 100/ton to CNY 15,400/ton.
Table: Domestic Butadiene Data Overview (Unit: 10,000 tons, CNY/ton)
| Data Indicator | Release Date | Previous Period Data | Current Period Trend Forecast |
|---|---|---|---|
| Butadiene Port Inventory | Wednesday 17:00 PM | 2.37 | ↗ |
| Butadiene Production Profit | Friday 17:00 PM | 5,004.23 | ↘ |
| Butadiene Inventory Analysis | Friday 17:00 PM | 3.93 | ↗ |
| Butadiene Weekly Capacity Utilization Rate | Friday 17:00 PM | 66.11% | ↗ |
| Butadiene Weekly Output | Friday 17:00 PM | 10.70 | ↗ |
Notes:
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