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    Home > Chemicals Industry > China Chemical > Butadiene market has fallen sharply

    Butadiene market has fallen sharply

    • Last Update: 2021-09-30
    • Source: Internet
    • Author: User
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    Since mid to late July, due to the imbalance between supply and demand, domestic butadiene prices have been declining all the way, gradually approaching the lows of the year
    .

    From the perspective of specific local markets, the focus of the butadiene market in East China continues to drop, and supplier prices continue to drop.
    The current self-pickup price for cans is around 7,300 yuan (ton price, the same below); downstream inquiries continue to decline.
    In addition, the external market atmosphere was weak, and jointly dragged the market to continue the downward trend
    .


    The butadiene market in North China continues to be weak, and the downstream rigid demand support is limited.


    On the supply side, domestic production has steadily increased
    .


    Since the second half of this year, with the start-up of butadiene plants in Zhejiang Petrochemical (Phase II), Gulei Petrochemical, Shandong Luqing Petrochemical, and the gradual release of production capacity, domestic butadiene supply has increased significantly


    In terms of import and export, the shift in import and export flows has increased domestic supply pressure in a disguised manner
    .


    According to statistics from Longzhong Information, from the perspective of monthly average prices, domestic butadiene prices in the first quarter were higher than those in foreign markets, and imports were relatively high


    On the demand side, downstream operations are limited, and the demand side is weak
    .


    The price of butadiene has fallen sharply, the profits of the industrial chain have shifted to downstream industries, and the profit situation of the downstream industries has improved significantly.


    On the whole, as the National Day holiday approaches, spot purchases in the lower reaches of East China are limited, and some industries in the lower reaches of the north have not started well.
    However, the suppliers still have a certain amount of inventory to be released.
    In addition, some private enterprises in Shandong have restarted butadiene units
    .


    The fundamentals of the butadiene market are still under pressure, and it is difficult for the market to stop falling




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