SunSirs: The Domestic Butadiene Market Operated to Be Weaker on August 5th

https://www.chemnet.com   Aug 06,2024 SunSirs

On August 5th, the self pickup price of butadiene from the tank in East China remained stable at around 12,350 RMB/ton.

On August 5th, the mainstream delivery price of butadiene in North China was around 12,550 RMB/ton, which was reduced by 50 RMB/ton.

As of August 5th, the downstream market was still running to be weaker, with insufficient overall buying momentum and a strong wait-and-see attitude. The overall market atmosphere was low, and the spot market was generally running to be weaker.

Overall, the supply expectation of the butadiene market is expected to increase, but the demand is weak. It is expected that the butadiene market will continue to maintain a stable to weaker trend in the short term, and there may still be room for further exploration. We will focus on the market supply situation in the future.

On Friday (August 2nd), the closing price of butadiene in the foreign market was mixed: among them, the FOB price in South Korea was quoted at 1,525-1,535 US dollars/ton, down 10 US dollars/ton; China CFR was quoted at 1,535-1,545 US dollars/ton, a decrease of 10 US dollars/ton; European butadiene FOB Rotterdam closed at 1,175-1,185 US dollars/ton, up 10 US dollars/ton; FD Northwest Europe closed at 1,090-1,100 euros/ton, up 20 euros/ton.

If you have any questions, please feel free to contact SunSirs with?support@SunSirs.com.

 Print  |    add to Favorites  |    Close