According to the monitoring of the Business News Agency, the market price of butadiene declined in a narrow range. From February 27 to March 3, the domestic market price of butadiene fell from 9887 yuan/ton to 9712 yuan/ton. The price fell by 1.77% in the cycle, with a year-on-year increase of 4.63% and 14.11%.

The domestic butadiene market fell from a high level. Due to the limited follow-up of synthetic rubber, the profit was under pressure, which affected the decline of industrial operating rate and the gradual weakening of butadiene market demand.

In terms of cost and crude oil: although it is worried that the increase of interest rates in Europe may affect economic growth, the demand of Indian refineries has reached a record high, and the economic data of China is improving, and the international oil price continues to rise. NYMEX crude oil futures 04 contract 78.16 rose 0.47 US dollars/barrel or 0.60%; ICE oil distribution futures 05 contract 84.75 rose 0.44 US dollars/barrel or 0.52%. In terms of naphtha, the international crude oil rose slightly, and the market may continue to follow up. At present, the merchants have different attitudes and are cautious in chasing up the high price. Naphtha continues to be high, and the main benefit comes from the support just needed for the local refining and reforming

On the supply side, the listed price of butadiene in Sinopec’s sales companies was reduced by 200 yuan/ton to 9800 yuan/ton. Fushun Petrochemical’s 160000 t/a butadiene extraction unit is in stable operation, and the 600 t supply is planned to continue bidding for export. The bidding base price is temporarily referred to 8400 yuan/t. The 64000 t/a butadiene extraction unit of Shenhua Ningxia Coal was temporarily shut down in the evening of February 27. Butadiene supply side was negative.

On the demand side, the raw material butadiene market has declined, while the synthetic rubber market has fluctuated. Due to the limited follow-up of synthetic rubber, the profit was under pressure, which affected the decline of the industry operating rate. The demand for butadiene is weak.

In terms of external market: the closing price of butadiene in Asia fell on March 2: the FOB price in South Korea was $1175-1185/ton, down $20/ton; China CFR News was 1195-1205 US dollars/ton, down 20 US dollars/ton. The external price of butadiene in Europe remained stable: FOB Rotterdam closed at 795-805 US dollars/ton; FD Northwest Europe closed at 865-875 euros/ton.

Region/. country./closing price./up and down

Asia/ FOB Korea/ 1175-1185 US dollars/ton/ -20 yuan/ton

Asia/ CFR China/ 1195-1205 US dollars/ton/ -$20/ton

Europe and America/ FOB Rotterdam/ USD 795-805/ton/ 0 USD/ton

Europe/ FD Northwest Europe/ 865-875 euros/ton/ 0 Euro/ton

In the future, it is predicted that due to the poor profit, the capacity utilization rate of the synthetic rubber industry will decline significantly, the demand for butadiene will weaken, the resource side of superimposed shipment will increase, and the supply and demand will be weak. Butadiene analysts of the Business Agency predict that the domestic butadiene market will continue to decline in the short term.