In November, the domestic butadiene market continued to rise due to the influence of external market, and the rising trend slowed down. According to the sample data monitored by the business agency, the domestic butadiene market price at the beginning of the month was 9200 yuan / ton, and at the end of the month, the domestic butadiene market price rose to 9938 yuan / ton, an increase of 8.03% in the month, and a 12.50% increase year-on-year.

The butadiene market rose significantly and lasted for a long time, mainly driven by the external market. Combined with the influence of maintenance of some foreign units, the domestic butadiene market price continued to rise. However, the demand for downstream rubber market is weak. Although the main butadiene manufacturers have raised the ex factory quotation for many times, the actual transaction is limited. As of the end of the month, the delivery price in Shandong Province was about 9900 yuan / ton, and the price for tank delivery in East China was 9950-10000 yuan / ton, mainly through negotiation.

In terms of enterprises, Sinopec’s East China butadiene supply price has increased by 900 yuan / ton since November 23, and has been implemented for 10100 yuan / ton since November 23; the 120000 ton / year butadiene plant in Liaoning Baolai has been operating stably, and the bottom price of node bidding has been 9510 yuan / ton as of November 30.

Enterprise, price (yuan / ton), plant dynamics

Normal operation of 10100 165000 T / a unit in Zhenhai Refining and Chemical Co., Ltd

Normal operation of 10.12 million T / a unit in Shanghai Petrochemical Company

Normal operation of 10.12 million T / a unit in Yangzi Petrochemical Company

Sinopec’s 101.2 million T / a plant is in normal operation and mainly supplied by each other

Maoming Petrochemical’s 101.15 million T / a unit is in normal operation, mainly for mutual supply and a small amount of export

Guangzhou Petrochemical’s 101.03 million T / a plant is in normal operation, mainly supplied by each other and exported in a small amount

Shutdown and maintenance of Wuhan ethylene plant with a capacity of 101.13 million tons / year

External market: as of November 30, the external price of butadiene in Asia was stable: FOB Korea closed at 1335-1345 US dollars / ton; CFR China closed at 1305-1315 US dollars / ton. The external price of butadiene in Europe was stable: FOB Rotterdam closed at US $1010-1020 / T; FD in northwest Europe closed at 695-705 EUR / T.

At present, the domestic butadiene market price is difficult to find under the high external market price; however, the domestic spot transaction needs to be followed up, and the downstream rubber demand is weak, and many real orders are mainly traded. Business agency butadiene analysts predict that the short-term domestic butadiene market high finishing.