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


and Chemical Corp., or , raised its ex-works offers in East China to Yuan 8,700/, equating to $1,092/ on an import parity basis, up Yuan 500/ 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, prices were firmer in East China as increased its ex-works offers for 1502 styrene-butadiene-rubber to Yuan 12,000/mt Wednesday, up Yuan 300/mt day on day.

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An 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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