Butadiene market price enters “downward channel”

Although the external price performance was strong, due to the typhoon, the shipment of some domestic export sources was delayed, and there were many short-term shutdown of downstream devices, and the market demand performance was weak. The short-term market expectation is short. With the weakening of downstream inquiry intention, the focus of spot price continues to decline. According to the sample data monitored by business society, as of July 30, the domestic butadiene market price was 11312 yuan / ton, with a month on month increase of 27.79% and a year-on-year increase of 152.88%. In terms of price, the delivery price in central Shandong decreased slightly to about 11900-12000 yuan / ton; The self delivery price of East China tank is about 12000 yuan / ton.

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The domestic butadiene market is still in the downward channel. Zhejiang Petrochemical’s phase II unit was put into operation, and Gulei Petrochemical also had a start-up plan in mid August. The medium-term performance of the supply side was short, further aggravating the downward pressure on the market. The poor shipment of some manufacturers led to the continuous decline of supply price, dragged down by the decline of the market, and there was no lack of news of lower price in the market.

In terms of enterprises, the listed price of butadiene of Sinopec sales companies is stable at 11900-12000 yuan / ton. A 250000 T / a butadiene unit of Zhejiang Petrochemical phase II was put into operation and restarted on July 27. The 130000 T / a butadiene unit of Gulei Petrochemical is planned to restart around August 8

As of July 30, the external supply price of butadiene by major manufacturers:

enterprise ., Price (yuan / ton). Device dynamics

Liaoyang Petrochemical 11850 yuan / ton Stable operation of 30000 T / a butadiene plant

Dalian Hengli 11760 yuan / ton The 140000 T / a butadiene unit operates stably, and the source of goods is normal for export

Liaotong chemical 120000t / a butadiene unit will be shut down for maintenance from July 14, 2021 There is no source of goods for online export

Fushun Petrochemical No export Normal operation of 160000 T / a butadiene extraction unit

Inner Mongolia Jiutai / The 70000t / a oxidative dehydrogenation unit has been shut down for maintenance since April 12, and is expected to last about 20-30 days

Silbang, Jiangsu 12000 yuan / ton Stable operation of 100000 t / a butadiene oxidative dehydrogenation unit

Zhenhai Refinery 11800 yuan / ton Normal operation of 165000 T / a unit

Shanghai Petrochemical 11800 yuan / ton Normal operation of 120000 T / a unit

Yangzi Petrochemical 11800 yuan / ton Normal operation of 120000 T / a unit

Sinopec 11800 yuan / ton The 200000 t / a unit operates normally, mainly for mutual supply

Maoming Petrochemical eleven thousand seven hundred and fifty 150000t / a unit operates normally, mainly for mutual supply and a small amount for export

Guangzhou Petrochemical 11800 yuan / ton The 30000 T / a unit operates normally, mainly for mutual supply and a small amount for export

Wuhan ethylene 11800 yuan / ton The 190000 T / a extraction unit operates stably, mainly for mutual supply and a small amount for export

In terms of external market: as of July 30, the external market price of butadiene in Asia was stable: FOB Korea closed at US $1505-1515 / ton; CFR China closed at US $1495-1505 / ton. The external price of butadiene in Europe was stable: FOB Rotterdam closed at US $2045-2055 / ton; FD northwest Europe closed at 1565-1575 euros / ton.

region ., Country, closing price, up and down

Asia FOB Korea USD 1505-1515 / ton USD 0 / ton

Asia CFR China 1495-1505 USD / ton USD 0 / ton

Europe FOB Rotterdam USD 2045-2055 / T USD 0 / ton

Europe FD northwest Europe 1565-1575 euros / ton 0 euro / ton

The market entered the downward channel, resulting in the short expectation of businesses, and the launch of new production capacity is gradually put on the agenda. There is no good news support for the supply and demand fundamentals of the domestic butadiene market in the short term. Business analysts expect the market to continue to fall.

http://www.sulfamic-acid.com

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