Butadiene prices may rise slightly

In late April, the domestic butadiene market rebounded slightly, with a range of 300~500 yuan (ton price, the same below)

Commodity circulation is slightly tight

Meng Xianxing, deputy director of Shandong Chemical Industry Research Institute, introduced that the domestic butadiene market rose widely in March, and the price of butadiene in the East China market reached 10,600 to 10,700 yuan by the end of March

Some butadiene suppliers in Shandong suspended export sales, and the spot supply in the market was tightened, which boosted the mentality of market players, and the Northeast source of goods sold at a higher price, market players' offers pushed up, and the overall trading atmosphere improved

From the supply side, most of the butadiene plants are operating normally

Industry insiders believe that although Yangzi Petrochemical's 60,000-ton/year unit is about to be overhauled, and Lanzhou Petrochemical's 120,000-ton/year extraction unit will be restarted after a short-term shutdown, the supply side has not changed much

Cost support holds steady

For raw materials, the market for naphtha refreshed a record high in the first quarter

According to Wang Quanping, chief engineer of Shandong Kenli Petrochemical Group, in April, the Shandong naphtha market first fell and then rose, rising slightly in a row, and the market was trading smoothly

　　The volatile rise of naphtha was mainly due to the release of news such as the relief of logistics.

　　Looking at the outer market of naphtha, the Asian naphtha market fluctuated and sorted out.

　　Looking at the market outlook, Hualong and Haike's units have been put into operation, and Huaxing will also be overhauled in the near future, and the load of Shandong independent refineries has increased slightly

　　Overall demand picks up

　　As the largest downstream of butadiene, the operating rate of synthetic rubber has fluctuated.

　　For other downstream butadiene, the capacity utilization rate of butadiene rubber and styrene-butadiene-styrene (SBS) has increased, of which the operating rate of butadiene rubber has increased by 6.

　　But the capacity utilization rate of styrene-butadiene rubber and nitrile rubber decreased by 2.

　　The main downstream industries of synthetic rubber also showed mixed results

　　Looking at the market outlook, short-term downstream pre-holiday replenishment starts one after another, which supports the mentality of market players and may form support for the butadiene spot market