The decline of butadiene market slowed down in August

In August, the decline of domestic butadiene market slowed down. At the end of the month, the quotations of major manufacturers increased, and the market atmosphere warmed up. However, the overall situation was still declining. The main reason is still the contradiction between supply and demand. The supply is on the high side, while the downstream demand is relatively low. The external market is slightly boosted, and the market in August is slower than that in July.

 

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According to the sample data monitored by the business agency, the domestic butadiene market price at the beginning of the month was 9356 yuan / ton, and at the end of the month (as of August 30), the domestic butadiene market price was 8232 yuan / ton, with a decrease of 12.01% in the month and a year-on-year decrease of 23.50%. In terms of the latest market price, the mainstream range of self inquiry offer of butadiene from the tank in East China is 8400-8600 yuan / ton; The mainstream transaction price of butadiene in Shandong Luzhong is 8900 yuan / ton.

 

At the beginning of this month, the domestic butadiene market continued to decline, and the market was “unable to recover” due to various negative factors. Some northeast enterprises bid for export to increase market supply. On the other hand, the continued downturn in the external market has affected the domestic market atmosphere. At the same time, the downstream demand continues to be weak, and the butadiene market is difficult to “turn the tide”.

 

In the middle of September, the decline of domestic butadiene market slowed down. Although Sinopec and other major production enterprises lowered their factory quotations for many times in the week, the market prices in some areas rebounded narrowly due to the auction results of Luqing, and the market speculation atmosphere was strong. At the same time, the current butadiene market has dropped to a relatively low level, and the downstream replenishment sentiment is obvious. Therefore, the decline of the butadiene market has slowed down.

 

At the end of September, the domestic butadiene market recovered and reorganized, mainly because the low price in the early stage led to the active purchase in the downstream, which led to the market trend. It was difficult to find low-priced goods in the market, and promoted the transaction price of Shandong goods. With the rebound of the market, the price difference of the market inquiry is obvious, and the downstream mentality returns to caution. Therefore, the increase is not large.

 

At the end of the month, the domestic butadiene market was sorted out in a narrow range, the early maintenance units were started one after another, and the supply increased. At the same time, the external market fell significantly, which also dragged the mentality of some domestic merchants. The quotation of the manufacturer is more stable and less narrow fluctuation. However, the downstream demand still exists, and some offers in the trade market are tentatively higher.

 

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In terms of enterprises, the 120000 T / a butadiene plant of Huajin in the North operates stably, and 112 tons of goods are exported through bidding on the source line, with the bidding base price of 7810 yuan / ton. The 140000 T / a butadiene plant of Dalian Hengli was restarted and operated stably on August 22. The listing price was increased by 300 yuan / T to 8110 yuan / T. The 64000 T / a butadiene extraction unit of Shenhua Ningxia coal is in normal operation. At present, a small amount of goods are exported, and the price is increased by 500 yuan / T to 8050 yuan / T.

 

On the external market: as of the closing on August 29, the external price of butadiene in Asia remained stable: FOB Korea closed at US $875-885 / T; CFR China closed at US $895-905 / T. The external price of butadiene in Europe remained stable: FOB Rotterdam closed at US $1565-1575 / T; FD northwest Europe closed at 1575-1585 euros / ton.

 

Region, country, closing price, up and down

Asia, FOB Korea, 875-885 USD / ton, 0 yuan / ton

Asia, CFR China, 895-905 USD / T, 0 USD / T

Europe and America, FOB Rotterdam, US $1565-1575 / ton, US $0 / ton

Europe, FD northwest Europe, 1575-1585 euros / ton, 0 euros / ton

According to the price monitoring of the business community, 136 commodities rose in the first half of 2022 (1.1-6.30) in the list of commodity prices, mainly in the chemical sector (64 in total) and the agricultural and sideline sector (16 in total), and commodities with an increase of more than 5% were mainly concentrated in the chemical sector; The top three commodities with growth were butadiene (152.15%), lithium hydroxide (118.46%) and sulfur (89.80%). A total of 95 commodities declined month on month, mainly in the chemical industry (43 in total) and steel (15 in total), and commodities with a decline of more than 5% were mainly concentrated in the chemical industry; The top three commodities in terms of decline were electrolytic manganese (- 57.47%), magnesium (- 46.60%) and glycine (- 45.71%). The average increase or decrease in this half year was 6.53%.

 

The domestic supply side is difficult to find obvious advantages, and the external market atmosphere is weak. Butadiene analysts of business society predict that the domestic butadiene market will be sluggish in the short term.

http://www.lubonchem.com/

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