Butadiene rubber: No deal to ease the heavy volume upside down

1. Butadiene rubber Valuation

Product	Area	3 March 18	3 May 19 Valuation	Change	Change (%)	Unit
BR9000	Shandong	10700	10300	-400	-3.7%	Yuan / ton
BR9000	Shanghai	11200	10700	-500	-4.5%	Yuan / ton

Today Qilu Shun Ding valuation 10,300 yuan / ton, Shanghai Gaoqiao butadiene valuation 10,700 yuan / ton, compared with the previous trading day down 400-500 yuan / ton. Sinopec for the price dropped substantially, following the market merchants offer lower Qilu Shun Ding upside down 100 yuan / ton, Takahashi supply because manufacturers limit orders, shipments increase as much.

2. News

Today Petroleum northeast, northwest for the price down 700 yuan / ton, oil pricing in southern List.

China Hong Kong Shares Fall Dragged By Banks And Energy

Dynamic devices: Biography of the device is about 100 tons per day, TSRC device on March 9 parking, planned maintenance 30-40 days, Sichuan ethylene push car, Yangzi Gimpo, Fu oak and Baling Petrochemical March No Driving program, Shandong Huayu, Qi Xiang, Wanda device restart.

Petrochemical Enterprises	Plant operation
Yanshan Petrochemical	120,000 tons / year plant is operating normally, March rows yield 11,400 tons
Gaoqiao Petrochemical	Gaoqiao Petrochemical 120,000 tons / year butadiene unit is operating normally
Qilu Petrochemical	Operating normally, March scheduling planned production volume of 5,800 tons
Baling Petrochemical	Plant parking, no car plan in March
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	Parking on March 3, restart time to be determined
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	10320
North China Branch of Sinopec	Qilu Petrochemical	10400
Sinopec South Branch	Yanshan Petrochemical	10500
Sinopec South Branch	Maoming Petrochemical	9750
South Branch of PetroChina	Dushanzi / Rand	10400/10300
South Branch of PetroChina	Daqing	10400
Northwest Branch of PetroChina	Dushanzi	10400
Northwest Branch of PetroChina	Daqing Petrochemical	–
PetroChina Northeast Branch	Daqing Petrochemical	10400
PetroChina Northeast Branch	Jinzhou Petrochemical	10400

3. Market dynamics

Today butadiene market prices continue to weaken, but eased the situation upside down. With the sharp decline in prices for petrochemicals, the market center of gravity, the business mentality is acceptable except in Shandong Province, flat out increased. But downstream buyer inquiry in general, the market can stabilize, difficult to determine. Shandong Qilu area, Daqing butadiene more in 10300-10400 yuan / ton, East China Takahashi butadiene in 10700-10900 yuan / ton, South China Blue Deshun Ding 10,500 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	–	10300-10400	10300-10400	–	10300-10400	–	–
Hebei market	–	–	10300-10400	–	10400	–	–
Shanghai Market	10700-10900	–	–	–	10500	–	–
Zhejiang market	10700-10800	–	–	–	10500	–	10400-10500
Fujian market	–	–	–	–	–	–	–
Guangdong market	–	–	10800	–	–	–	10500

4. Factors and impact

1, 1409 HuJiao opened slightly lower volatility rose late the previous trading day up 210; 2 for the price of some petrochemical chase down; 3, butadiene outer disk down 20-55 dollars. After this wave of petrochemical slashed, and more waiting for further feedback from the market, the possibility of short-term adjustment is not expected, a reduction in low-market businesses, but the downstream plant market inquiry enthusiasm is not high, the market traded Not a big bang, while some private device restart, sufficient support butadiene supply side, the market is expected to short-butadiene vulnerable narrow adjustment based. Concerned about the market volume.

Translated by Google Translator from http://market.cria.org.cn/25/19778.html