According to the Commodity Market Analysis System of Shengyi Society, the domestic butadiene market has fluctuated downward this cycle. From October 20 to October 27, 2025, the price of butadiene was reduced from 8440 yuan/ton to 8233.33 yuan/ton, a decrease of 2.45%. The overall weak operation of the domestic butadiene market in this cycle, coupled with low enthusiasm for downstream synthetic rubber market entry and weak purchasing intentions for raw material butadiene, resulted in poor actual transaction performance and a lack of demand support. As a result, the overall weak operation of the butadiene market in this cycle.

Cost wise: According to the Commodity Market Analysis System of Shengyi Society, as of the 24th, the settlement price of the December WTI crude oil futures contract in the United States was $61.50 per barrel, and the settlement price of the December Brent crude oil futures contract was $65.94 per barrel. The crude oil price market in this cycle first fell and then rose. At the beginning of the cycle, OPEC+has launched a new round of production increase of 1.65 million barrels per day. The market is still concerned about the risk of long-term oversupply. The situation between Palestine and Israel has eased, and coupled with weakened demand from the United States, the issue of US tariffs has dragged down the global economy and demand expectations, leading to a rapid decline in the international oil price market; However, in the later stage, with the continuation of sanctions policies against some oil producing countries by Europe and the United States, coupled with reduced concerns about negative pressure caused by US tariffs and trade disputes, the crude oil market trend has risen.
Supply side: The listed price of butadiene for various sales companies of Sinopec is 8400 yuan/ton.
Demand side: According to the commodity market analysis system of Shengyi Society, the market for butadiene rubber in the northwest region has slightly increased. Recently, the futures price of Shunding rubber has fluctuated narrowly, and downstream inquiries have been flat. Merchants have slightly increased their offers by around 50 yuan/ton, but the actual trading situation in the market is not good, with downstream inquiries mainly being small orders. As of October 24th, the mainstream prices for butadiene rubber in Sichuan, Dushanzi, and Lande are 11150~11300 yuan/ton.
Market forecast: In the near future, some domestic facilities will restart, and the overall supply side will be relatively loose. Although the downstream synthetic rubber market has slightly strengthened, there is currently no significant increase in actual downstream demand, and market expectations remain weak overall. With the intention of purchasing for essential needs, the spot market is generally weak, and the market lacks favorable factors to boost it. Under the influence of weak demand, it is expected that the butadiene market will mainly experience weak fluctuations in the short term, with a focus on downstream procurement demand.