External disk pulled up, butadiene market gains highlighted

Business Club June 29th In late May, a sharp drop in the butadiene external disk market (the largest drop in CFR Southeast Asia fell 350 US dollars / ton), resulting in the early June domestic mainstream butadiene supply prices fell 1,000-2,000 yuan / ton. Although in June, butadiene external disk prices gradually pulled back, while the domestic butadiene market is also slowly up, but in June 21st butadiene outer disk rose 340-360 US dollars / ton favorable situation, the domestic Ding The rise in the diene market is poised to take off. As of last Friday, the butadiene outer disk rose by 16.3% to 21.6%.

On June 27, the ex-factory price of butadiene for Sinopec Huadong Company was 16,500 yuan per ton, up by 900 yuan per ton; Panjin butadiene also raised the factory price by 1,200 yuan per ton on the 28th and executed 17,200 yuan per ton. Domestic butadiene market prices have also risen, and the offer price is mostly at 16700-17,000 yuan/ton, and the transaction price is mostly at 16600-16700 yuan/ton. As of the 28th, domestic butadiene factory prices rose by 10%-15%, the latter for Panjin ethylene prices rose.

The reason for this increase in price is that the biggest factor influencing the rise in external disk butadiene is the increase. In China, due to the fact that Sinopec and CNPC's butadiene raw materials are mostly supplied to each other, a small amount is exported, and some famous enterprises, such as Qixiang Tengda and Tianjin Bluestar, etc., due to their low operating rate, have limited market availability. Butadiene has low spot stocks, limited speculation, and limited price increases. Maintenance of butadiene installations in June and July: Maintenance of 230,000 tons/year of 5.72-6.26 units of Jilin Petrochemical; Lanzhou Petrochemical's preliminary plan of 135,000 tons/year of equipment; 7.6-7.26 maintenance; Yangzi Petrochemical's preliminary plan of 220,000 tons/year Maintenance in July, the specific time to be determined.

He Hangsheng, a business club, believes that in July, the butadiene market was excellent. And at present, the downstream synthetic rubber market, SBR, butadiene rubber and natural rubber prices have rebounded, boosting the butadiene market. However, limited butadiene billing in some areas, limited transactions, low prices; and the terminal factories due to sufficient inventory - especially tire factories, rumors continued to cut production in July - its production and sales are still relatively weak, demand is still sluggish, the estimated D Diene rose limited in July. However, the short-term speculation attitude of butadiene companies is more positive. At the end of June, the butadiene market should continue to heat up and prices will increase.