According to the Commodity Market Analysis System of Shengyi Society, the domestic butadiene market first fell and then rose in April 2025. From April 1st to 28th, the domestic butadiene market price fell from 11000 yuan/ton to 9300 yuan/ton, with a price drop of 15.45% during the cycle.

In the first half of the month, the domestic butadiene market showed an upward trend followed by a downward trend throughout the week. As the holiday approaches, some downstream stocks will replenish their positions after falling. At the beginning of the week, market transactions were relatively concentrated. With some auction sources selling at a premium, the market trend has significantly shifted upwards. Although the supply side prices remained firm, there was a slight stalemate in the high end of the week’s trading volume. At the same time, the news of the US tariffs affected the futures market, causing downstream buyers to be cautious. After a short-term fluctuation, the market saw a significant decline in prices.
Mid month: The domestic butadiene market has experienced a significant decline in this cycle. Under the influence of international news such as equivalent tariffs, the crude oil and synthetic rubber futures markets have fallen widely, and the cost and demand sides have had a significant impact on the butadiene market, dragging down the mentality of the spot market. On the supply side, the port arrival situation this week is good, and the overall supply of butadiene is relatively loose. Under the comprehensive influence of the above news, the butadiene market fell sharply this week. Due to a slight improvement in fundamentals over the weekend, the butadiene market has slightly rebounded.
At the end of the month, the domestic butadiene market slightly rebounded. With the previous market price continuously declining, the market price continued to operate at a low level. Some downstream enterprises purchased at low prices, and the market trading atmosphere slightly improved. The market stopped falling and rebounded.
Cost wise: The international crude oil market experienced a broad decline in the first half of April, with fluctuations in the mid to late period. At the beginning of April, the international oil price market experienced a significant decline. On the one hand, the US tariff trade war and tariff trade barriers had a huge impact on the global economy, increasing uncertainty in the future. The market believes that the risk of the United States falling into an economic recession has increased, and this will have a huge negative impact on global economic growth. On the other hand, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced future production increases, which also had a negative impact on crude oil and led to a significant decrease in international oil prices. As the international situation gradually stabilized, crude oil entered a range of volatile trends. As of April 25th, international crude oil futures have risen. The settlement price of the main contract for WTI crude oil futures in the United States was $63.02 per barrel, an increase of $0.23 or 0.4%. The settlement price of the main Brent crude oil futures contract was $66.87 per barrel, an increase of $0.32 or 0.5%.
Supply side: The listed prices of butadiene for various sales companies of Sinopec have overall declined this month, with a target price of 9100 yuan/ton as of the 28th. Recently, the comprehensive operating rate of the domestic butadiene industry has not changed much, and the overall supply is relatively stable.
On the demand side, the butadiene rubber market in April first fell and then rose, with an overall decline. According to the commodity market analysis system of Shengyi Society, as of April 28th, the futures prices of butadiene rubber in the East China region had a narrow range of consolidation, market transactions were flat, and merchant offers had a narrow range of consolidation. At present, the mainstream prices in Daqing, Yangtze, and Qilu Shunding are 11900~12200 yuan/ton; Some private brands are priced around 11700~11900 yuan/ton.
Market forecast: As the holiday approaches, there will be a demand for replenishing essential inventory downstream, which will drive up prices in the spot market. Recently, some new equipment production capacity has been released on the supply side, and port inventory is slightly higher. The overall supply of butadiene in the market is relatively loose. The recent increase in downstream production of butadiene rubber on the demand side has provided some support for the demand for butadiene. Overall, under the support of demand, the butadiene market has been operating steadily with a moderate to strong trend recently.