During this cycle, butadiene prices in Asia experienced minor fluctuations. Tight spot supply supported seller offers, while downstream buyers remained cautious about purchasing raw materials at elevated levels, resulting in moderate market activity. Early in the week, indicative FOB China and FOB Korea sell-side offers were quoted at USD 1,860–1,870/ton, corresponding to CFR China and CFR Northeast Asia prices potentially exceeding USD 1,900/ton. One Northeast Asian producer stated that due to anticipated low operating rates of cracking units, it would not sign long-term contracts (LTCs) for olefins in 2027. Negotiations for LTCs by other Northeast Asian producers have not yet commenced. Korean producers indicated they are currently in no rush to negotiate LTCs, while expecting an increase in LTC premiums for 2027.
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