According to the monitoring of the business community, the domestic butadiene market continued to rise. From December 9 to 16, the domestic butadiene market price rose from 6566 yuan/ton to 6755 yuan/ton, with a price increase of 2.87%, a month on month decrease of 0.55% and a year-on-year increase of 40.92%. After early consumption, traders have less supply of goods, which coincides with the periodic replenishment of some downstream markets, once driving spot prices higher.

On the cost side, international crude oil futures closed lower. The settlement price of the main contract of US WTI crude oil futures was 76.11 US dollars/barrel, down 1.17 US dollars or 1.5%. The settlement price of the main contract of Brent crude oil futures was 81.21 dollars/barrel, down 1.49 dollars or 1.8%. Many central banks have raised interest rates and tightened policies, which have put pressure on risky assets. The risk of global economic recession increased, and the risk aversion made the oil market end its third consecutive rise, and the rebound lost momentum. The transaction price of naphtha in the mainstream is mainly volatile, while the downstream demand is just in demand, and some refineries reduce the price for shipment. Butadiene costs have many negative factors.

On the supply side, the listing price of butadiene of Sinopec East China Sales Company was stable at 6800 yuan/ton. The 1 # 60000 t/a butadiene plant of Yangzi Petrochemical was restarted, and products were produced successively, and the capacity utilization rate of butadiene industry increased slightly by 0.57%. The 200000 t/a butadiene unit of Shenghong Refining and Chemical Co., Ltd. was fed with materials, and the merchants waited to see the output. The supply side news affected the atmosphere.

On the demand side, according to the monitoring of the business community, the price of cis-1,4-polybutadiene rubber in China rose by a narrow margin, from 10530 yuan/ton to 10608 yuan/ton, an increase of 0.74%. The price of domestic styrene butadiene rubber rose by 0.07% from 10833 yuan/ton to 10841 yuan/ton. The price of nitrile rubber in China fell by 0.97% from 15150 yuan/ton to 15003 yuan/ton. At present, the downstream rubber industry continues to be in strong demand and lacks sustainable support. Most of the product prices rise in a narrow range, and the commencement of construction remains at about 60%. There is no obvious positive factor for butadiene demand.

In terms of external market: the closing price on December 15, the external price of butadiene in Asia rose: South Korea FOB reported 775-785 dollars/ton, up 10 dollars/ton; China CFR reported 785-795 dollars/ton, up 10 dollars/ton. The external price of butadiene in Europe remained stable: FOB Rotterdam closed at 490-500 US dollars/ton; FD Northwest Europe closed at 535-545 euros/ton.

It is predicted in the future that Shenghong Refining and Chemical Co., Ltd. has not produced yet, and the high cost of some goods in East China has led to firm offers from businesses, supporting the mentality of some businesses. The downstream continues to meet the rigid demand, and it is difficult to get a good boost in the short term, so the fundamentals are weak. Butadiene analysts from the business community predict that the domestic butadiene market may be under pressure in the short term.