Supported by positive factors, the domestic butadiene market price continues to strengthen.

1. Today's Summary

① On October 28, Sinopec East China raised its ex-factory price for butadiene by 600 yuan/ton to 14,500 yuan/ton. Downstream synthetic rubber prices also rose.

② On October 28, the capacity utilization rate of the domestic butadiene industry was 67.71%, remaining stable compared to the previous working day.

2. Spot Market Overview

Table: Domestic Butadiene Price Summary (Unit: Yuan/Ton)

Data Source: Chempricehub Information

Taking the delivered price in the Shandong Luzhong region as the benchmark, today’s closing price was 14,550 yuan/ton, an increase of 500 yuan/ton from the previous period. Today, domestic butadiene market prices continued to strengthen. High crude oil prices maintained strong cost support, combined with rising trends in key downstream products, bullish sentiment in the market continued to heat up. Traders showed little willingness to sell at low prices, and offers continued to rise. Although downstream buyers still resisted high prices and adopted a cautious wait-and-see attitude, there was no replenishment of low-priced inventory in the market, leading to higher actual transaction prices. The delivered price range in the Shandong Luzhong region was 14,450–14,650 yuan/ton, while the reference price for self-pickup from tank farms in East China was 14,300–14,400 yuan/ton.

On October 28, the capacity utilization rate of the domestic butadiene industry was 67.71%, stable compared to the previous working day. Regarding theoretical production profits, on October 27, the Japanese naphtha market continued to rise, and Sinopec’s butadiene price remained stable at 13,900 yuan/ton. The theoretical production profit for butadiene extracted via C4 extraction increased, with the profit calculation for the C4 extraction process reaching 3,609.12 yuan/ton.

4. Price Forecast

In the short term, some facilities in the East China and South China regions have shut down for maintenance, leading to expectations of reduced domestic output. Supply-side factors provide support for the market trend. Combined with strong cost support from high crude oil prices, market sentiment remains strong, and traders show significant reluctance to sell at low prices. Meanwhile, downstream enterprises are gradually increasing their operating loads, creating small incremental demand for butadiene procurement. However, downstream resistance to high prices persists, making transactions difficult at elevated levels. Therefore, the domestic butadiene market is expected to remain slightly strong within a narrow range.

5. Related Products Status

Synthetic Rubber Market: Today, prices for cis-polybutadiene rubber and styrene-butadiene rubber rose. In the Shandong market, Daqing BR9000 prices increased by 300 yuan/ton to 16,700 yuan/ton. In the Shandong market, Qilu styrene-butadiene rubber 1502 prices increased by 100 yuan/ton to 16,700 yuan/ton.

6. Data Calendar

Table: Domestic Butadiene Data Overview (Unit: 10,000 tons, Yuan/Ton)

Data Source: Chempricehub Information

Notes:

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