Domestic butadiene market continued to rise. The market is still dominated by the mainstream manufacturers. The high price of the external market rose at the beginning of the week, and Sinopec and other suppliers increased the supply price, which encouraged the businesses to follow the quotation. According to the sample data monitored by the business community, as of June 18, the domestic butadiene market price was 8532 yuan / ton, with a month on month rise of 24.58% and a year-on-year rise of 144.48%. In terms of price, the delivery price in central Shandong is 9350-9450 yuan / ton, and the self delivery price in East China is 8850-8950 yuan / ton.
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Downstream rigid demand was forced to accept high price supply, transaction improved, supporting the market to strengthen. Although the transaction of sporadic high price offers is limited, under the influence of export news, the middlemen have no intention to lower, the short-term market expectation is strong, and the market performance is relatively strong.
In terms of enterprises, Sinopec’s sales companies increased the supply price of butadiene by 500 yuan / ton to 8400-8900 yuan / ton. Nanjing Chengzhi 100000 t / a butadiene extraction unit has been shut down for maintenance since April 9, and is planned to restart on June 17.
The external supply price of butadiene of main production enterprises is as follows:
enterprise ., Price (yuan / ton)%, plant dynamic
Liaoyang Petrochemical 8200 yuan / ton Stable operation of 30000 T / a butadiene plant
Dalian Hengli 8710 yuan / ton 140000t / a butadiene plant operates stably, and the source of goods is normal for export
Liaotong chemical / No source of goods for online export
Fushun Petrochemical No export Normal operation of 160000 T / a butadiene extraction unit
Jiutai, Inner Mongolia / The 70 kt / a oxidative dehydrogenation unit has been shut down for maintenance since April 12 and is expected to last about 20-30 days
Sipang, Jiangsu Province eight thousand and eight hundred Stable operation of 100 kt / a butadiene oxidative dehydrogenation unit
Zhenhai Refining & Chemical Co., Ltd eight thousand and five hundred Normal operation of 165000 T / a plant
Shanghai Petrochemical eight thousand and five hundred Normal operation of 120000 T / a plant
Yangzi Petrochemical eight thousand and five hundred Normal operation of 120000 T / a plant
Sinopec eight thousand and five hundred The 200000 t / a plant is in normal operation and mainly supplied by each other
Maoming Petrochemical eight thousand four hundred and fifty 150000 T / a plant is in normal operation, mainly for mutual supply and a small amount for export
Guangzhou Petrochemical eight thousand and five hundred The 30000 T / a plant is in normal operation, mainly for mutual supply and a small amount for export
Wuhan ethylene eight thousand and nine hundred 190kt / a extraction unit operates stably, mainly for mutual supply and a small amount for export
External price: as of June 17, the external price of butadiene in Asia rose: FOB Korea closed at US $1185-1195 / T, up US $10 / T; CFR China closed at US $1195-1205 per ton, up US $10 per ton. The external price of butadiene in Europe was stable: FOB Rotterdam closed at US $1695-1705 / T; FD northwest Europe closed at 1295-1305 euros / ton.
region ., Country. Closing price. Up and down
Asia FOB Korea 1185-1195 USD / T US $10 / T
Asia CFR China 1195-1205 USD / T US $10 / T
Europe FOB Rotterdam US $1695-1705 / T 0 USD / ton
Europe FD northwest Europe 1295-1305 euro / ton 0 euro / ton
The external market continued to be strong, domestic sources of goods actively exported, supply pressure eased, and short-term supply side was supported. Under the strong support of export news, there is no low price source for both internal and external markets, and business analysts expect the market to be high and consolidation oriented.
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