The market is characterized by a strong wait-and-see sentiment, with the domestic butadiene market showing slight weakness.

1. Today’s Summary

① On October 12, Sinopec East China ex-plant butadiene prices remained stable at RMB 14,000/ton, while downstream synthetic rubber prices declined.

② On October 12, the domestic butadiene industry’s capacity utilization rate stood at 66.61%, down 1.64 percentage points from the previous business day.

2. Spot Market Overview

Table: Domestic Butadiene Price Summary (Unit: RMB/ton)

Based on the delivered price in the Shandong Luzhong region, today’s price closed at RMB 13,750/ton, a month-on-month decrease of RMB 300/ton. The domestic butadiene market showed slight weakness today. Some plants in Northeast and North China regions were shut down for maintenance, leading to a minor decline in domestic output. Traders had limited willingness to sell at low prices; however, the main downstream sector, synthetic rubber, trended weakly. Market sentiment was characterized by cautious wait-and-see attitudes, with some traders offering discounts to facilitate sales. Transaction prices for actual orders eased slightly, pushing the market lower. The delivered price range in Shandong Luzhong was RMB 13,700–13,800/ton, while the tank truck self-pickup reference price in East China was RMB 13,350–13,400/ton.

On October 12, the domestic butadiene industry’s capacity utilization rate was 66.61%, down 1.64 percentage points from the previous business day. Regarding theoretical production margins, on October 9, the Japanese naphtha market saw a slight adjustment downward. Sinopec maintained its butadiene ex-plant price at RMB 14,000/ton, resulting in an increase in the theoretical production margin for butadiene extraction via C4 processing. The calculated profit for the C4 extraction process stood at RMB 4,229.79/ton.

4. Price Forecast

In the short term, domestic butadiene supply has decreased slightly. Coupled with cost-side support providing a floor for the market, traders’ willingness to sell at low prices remains limited. However, downstream demand recovery is slow, and buyers show little interest in purchasing butadiene at high prices, which may weigh on the market. With bullish and bearish factors interplaying, the domestic butadiene market is expected to consolidate within a range.

5. Related Products Status

Synthetic Rubber Market: Today, cis-polybutadiene rubber and styrene-butadiene rubber market prices adjusted. In the Shandong market, Daqing BR9000 prices fell by RMB 150/ton to RMB 16,550/ton, while Qilu Styrene-Butadiene Rubber 1502 prices dropped by RMB 300/ton to RMB 16,700/ton.

6. Data Calendar

Table: Domestic Butadiene Data Overview (Unit: 10,000 tons, RMB/ton)