First, the price trend

Recently, the market for butadiene continues to rise. Business community monitoring showed that as of August 2, the price of butadiene was 1,510 yuan / ton, and the price rose by 54.85%.

Second, the analysis of influencing factors

Products: Sinopec sales company increased the price of butadiene to support the industry’s mentality, traders offer further upwards, downstream buyers maintain just need to purchase, the market trading atmosphere is stable. The supply of butadiene in the Shandong market is still tight, and a few private enterprises are offering at 12,800 yuan/ton, and the price of middlemen has risen slightly. The market for butadiene in East China rebounded slightly, and the bidding situation of Shenhua Ningmei could still support the mentality of the industry, and the price of traders rose slightly. Asian butadiene closing price, FOB Korea average price of 1670 US dollars / ton; CFR China average price offer 1630 US dollars / ton.

Industry chain: downstream, styrene-butadiene rubber: Although the supplier policy has support, but the natural rubber is weak, but the price is high, it also inhibits the takeover and makes the industry mentality cautious. Although the policy is somewhat supportive, but the demand and related products and mentality are restrained, the styrene-butadiene rubber market will maintain a volatile pattern. Butadiene rubber, the domestic market for butadiene rubber is stable. The overall market offer was stable, and the sporadic downstream factories entered the market to purchase, and the merchants made a small profit, and the firm trading volume was scarce. The market price of Shun Ding is maintained at a high level, and its ex-factory price is low. Therefore, the ex-factory price of butadiene rubber still has a possibility of increase.SBS: Domestic SBS market oil glue, dry glue road changed narrowly, the atmosphere was low. Oil gel: On the first day of the month, there was no pressure on the merchants. However, some merchants still had the remaining planned amount last month. The merchants maintained the offer of 0-100 yuan/ton profit, and the downstream shoe companies cautiously entered the market.

Third, the market outlook

On the positive side, the supply of butadiene market is still tight, some of the goods are exported, and the price of Sinopec sales company is raised. On the negative side, downstream buyers have limited ability to accept high prices, US dollar prices and RMB prices are basically flat, export arbitrage window closed; downstream synthetic rubber industry started to be sluggish. The butadiene analysts of the business community expect that there will be a small support for the butadiene market supply in the short term, but the price of butadiene will be shocked and consolidated, paying attention to the export policy guidelines of the Northeast.