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Sunday, September 24, 2023

Butadiene rubber trading was light wait and see

1. News

Today domestic butadiene rubber prices will remain between 17400-17500 yuan / ton.

Device dynamic: Shandong Huayu 160,000 tons of butadiene device shut down for maintenance on November 5, planning to drive, details to be confirmed, heard Qilu rubber device program shut down for maintenance in early April next year, about 30-45 days, details to be confirmed.

Petrochemical enterprises

Operation of the device

Yanshan Petrochemical 120,000 tons / year plant starts
Gaoqiao Petrochemical Gaoqiao Petrochemical 120,000 tons / year butadiene unit normal operation, the daily output of 330 tons or more
Qilu Petrochemical 70,000 tons / year the Qilu Petrochemical butadiene three production lines running, Nissan 170 tons. Heard Qilu rubber device program shut down for maintenance in early April next year, about 30-45 days, details to be confirmed
Baling Petrochemical Baling Petrochemical 60,000 t / year plant was shut down for maintenance on November 30, was last weekend restart
Daqing Petrochemical The Daqing Petrochemical production of 160,000 tons of butadiene unit load shedding Nissan 120-130 tons
Jinzhou Petrochemical Jinzhou Petrochemical 30,000 tons / year high cis polybutadiene rubber device normal operation
Dushanzi 30,000 tons / year butadiene unit normal operation

2. Market Trends

Butadiene market shocks today finishing the main price adjustment of the sales company rumors prevalent, traders still some bullish expectations, cheap little intention of selling, but the lack of downstream procurement, also continued repression of confidence in the industry, the overall market trading stalemate.  

Sales Company

Production enterprises

The price ($ / ton)

North China Branch of Sinopec Yanshan Petrochemical 17320
Qilu Petrochemical 17400
South China Branch of Sinopec Yanshan Petrochemical 17500
Fu Oak petrochemical 16900
South China Branch of PetroChina Daqing Petrochemical 17500
Rand petrochemical 17300
Northwest Branch of PetroChina Dushanzi 17400
Daqing Petrochemical
Northeast Branch of PetroChina Daqing Petrochemical 17400
Jinzhou Petrochemical 17400

As of this morning, butadiene rubber market price (Unit: yuan / ton)

Market Takahashi butadiene Qilu Yanshan Baling Daqing Fuk Oaks

Ayn Rand

Shandong market 17800-17900 17800
Hebei market 18000 17800 17600
Shanghai market 17900 17800-17900
Zhejiang market 17900
Fujian market 18000 17800 17200
Guangdong market 18000-18100 17800-17900 17200-17300

 

Factors and impact

Closing yesterday rose butadiene outer disk, but limited butadiene markets boosted sales company has not yet been adjusted for the price of butadiene, business mentality slightly tangled into the ship compared with caution, combined with the lack of demand-side support butadiene prices continue to pull up weak, then the cost of supporting fair price there is no downside risk, expected sales company introduced new pricing butadiene prices continue finishing the main shock.

Translated by Google Translator from CRIA

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