Sinopec raises E China butadiene offers by 6% amid few deepsea cargoes

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and Chemical Corp., or , raised its ex-works offers in East to Yuan 8,700/mt, equating to $1,092/mt on an import parity basis, up Yuan 500/mt or 6.1%, effective Wednesday, market sources said Thursday.

The last time the state-owned company revised its prices was on August 3, when was lowered by Yuan 300/mt.

The price increase comes amid market concerns that availability of deepsea cargoes was tight.

Also, synthetic prices were firmer in East China as Fushun Petrochemical increased its ex-works offers for 1502 styrene-butadiene- to Yuan 12,000/mt Wednesday, up Yuan 300/mt day on day.

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An SBR producer said restocking activity was one reason for the increase. As a result, buying indications for spot butadiene hovered about $1,000/mt CFR China compared with the mid-$900s/mt on Tuesday, the sources said.

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