Butadiene rubber: industry an obvious lack of confidence low

1. Butadiene rubber Valuation

Product	Area	2 May 25	2 May 24, 2009 Valuation	Change	Change (%)	Unit
BR9000	Shandong	11900	12000	-100	-0.8%	Yuan / ton
BR9000	Shanghai	12000	12100	-100	-0.8%	Yuan / ton

Today Qilu Shun Ding valuation 11,900 yuan / ton, Shanghai Gaoqiao butadiene valuation 12,000 yuan / ton, HuJiao lower opening shock downstream, at new lows, the downstream buyer inquiry is limited, some businesses lack the confidence to actively none other sales.

2. News

Today, for the price of petrochemical stable, but some marketing companies to ease the inventory, improve billing rates, the introduction of preferential policies.

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Dynamic devices: Biography of the device is about 100 tons per day, TSRC device running load in Liu Cheng, Yangzi Gimpo, Fu Baling Petrochemical February oak and no car plan, Arima, Qi Xiang, Wanda restart time to be determined.

Petrochemical Enterprises	Plant operation
Yanshan Petrochemical	Two lines 120,000 tons / year plant parking, February rows yield 11,400 tons
Gaoqiao Petrochemical	Gaoqiao Petrochemical 120,000 tons / year butadiene unit is operating normally
Qilu Petrochemical	Operating normally, February scheduling planned production volume of 5,700 tons
Baling Petrochemical	Plant parking, no car plan in February
Daqing Petrochemical	Daqing Petrochemical 80,000 tons of butadiene unit two old lines and the new 80,000 t / y nickel polybutadiene rubber plant is operating normally line 2
Jinzhou Petrochemical	Operating normally, February planning and scheduling production was 2,100 tons
Dushanzi	30,000 tons / year butadiene unit to normal operation

Unit: yuan / ton

Sales Company	Producers	Price (yuan / ton)
North China Branch of Sinopec	Yanshan Petrochemical	11920
North China Branch of Sinopec	Qilu Petrochemical	12000
Sinopec South Branch	Yanshan Petrochemical	12000
Sinopec South Branch	Fu rubber and petrochemical	11600
South Branch of PetroChina	Dushanzi / Rand	11900/11700
South Branch of PetroChina	Daqing	11600
Northwest Branch of PetroChina	Dushanzi	12000
Northwest Branch of PetroChina	Daqing Petrochemical	–
PetroChina Northeast Branch	Daqing Petrochemical	12000
PetroChina Northeast Branch	Jinzhou Petrochemical	12000

3. Market dynamics

Today butadiene markets remain weak. HuJiao fell butadiene market mentality of lack of support, coupled with downstream buyers into the market is limited, the market traded weak, lack of confidence in some businesses, sharing sales significantly, much the product upside down 200 yuan / ton. It is reported that Shandong Province Qilu Shun Ding reported 11900-12000 yuan / ton, East China Takahashi butadiene reported 12000-12100 yuan / ton, Maoming, Guangdong Province butadiene in 11200-11300 yuan / ton.

As of this morning, butadiene rubber market price (Unit: yuan / ton)
Market	Takahashi butadiene	Qilu	Yanshan	Baling	Daqing	Fu Rubber	Rand
Shandong market	–	11900-12000	12000	–	11900	–	11800
Hebei market	–	–	12000	–	11900	–	–
Shanghai Market	12000-12100	–	–	–	12100	–	12000
Zhejiang market	12100	–	–	–	12100	–	12000
Fujian market	–	–	–	–	–	11600	–
Guangdong market	–	–	–	–	11700	–	11500-11700

4. Factors and impact

1, 1405 HuJiao opened lower, late fall compared with the previous 415 trading days; 2, petrochemicals for the price adjustment is not; 3, butadiene outer disk stability, domestic Panjin butadiene price fell 300 yuan / ton.HuJiao weak demand continued to fall and butadiene market constraints, lack of business confidence, increased none other shipments, but sales of petrochemical pricing and more restrained rate of decline, now part of product pricing upside down 200 yuan / ton, but for the amount of walking billing , is expected to discuss the real one is still some space.

Translated by Google Translator from http://market.cria.org.cn/25/19357.html