Butadiene rubber: a slight improvement in some areas waiting for further guidance news

1. Butadiene rubber Valuation

Product	Area	3 March 20	3 May 19 Valuation	Change	Change (%)	Unit
BR9000	Shandong	10300	10300	0	0	Yuan / ton
BR9000	Shanghai	10800	10700	+100	+0.9%	Yuan / ton

Today Qilu Shun Ding valuation 10,300 yuan / ton, Shanghai Gaoqiao butadiene valuation 10,800 yuan / ton, compared with the previous trading day steady rise 100 yuan / ton. After this wave of adjustment, the market mentality significant differences, in part because no improvement in demand and continue to look empty, partly because of the cost of supporting domestic butadiene, increased intention to cover short positions.

2. News

Today, for the price of petrochemical stabilize.

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 is operating normally.

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 speculation heating up in some areas, including the East China Takahashi butadiene, because limited supply, quotes remain high, were active, in southern Fujian province plans to open a single active households, obviously to cover short positions, but due to poor turnover in Shandong Province, part of the still upside down sales increase in North China after the thinly traded.

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	–	–	10400-10700	–	10400-10500	–	–
Shanghai Market	10800-11000	–	–	–	10500	–	–
Zhejiang market	10800-11000	–	–	–	10500	–	10400-10500
Fujian market	–	–	–	–	–	–	–
Guangdong market	–	–	10800	–	–	–	10500

4. Factors and impact

1, 1409 HuJiao opened lower volatility, fell by 35 late in the previous trading day; 2 for the price of petrochemical stabilize; 3, butadiene outer disk steady decline. Lack of effective market factors guide, watching the atmosphere is heavy. Currently the business mentality slightly differences, but overall except for a few areas, no transaction volume. Tomorrow is expected to continue to narrow butadiene market adjustment.

Translated by Google Translator from http://market.cria.org.cn/25/19802.html