According to reports, since late September, the Asian spot butadiene (BD) prices all the way down, the current price has rebounded to more than $ 1,500 / ton, mainly because some cracker operators to cut operating rates, resulting in tight supply and prevent The price decline, the industry source said. As of December 7 weeks, Asia butadiene spot prices averaged $ 1,510 / tonne CFR Northeast Asia November 30, prices reached an average of $ 1,470 / tonne CFR Northeast Asia after bottoming out, according to ICIS data. ICIS data show that since September 28 butadiene spot prices in Asia fell 540 U.S. dollars / ton, or about 26%, then the average price of $ 2,010 / tonne CFR Northeast Asia.
However, the market is expected next month to Asia butadiene supply may tighten goods prices are likely to rebound in January, although the vendor expects this wave rally will be more moderate, because the downstream demand for synthetic rubber market is still in the doldrums. Expected Asian butadiene prices may rebound in January to more than 1,600 U.S. dollars / ton CFR Northeast Asia. It is reported that including Korea Yeochun NCC (YNCC) and Taiwan’s Formosa Petrochemical Corporation (FPCC) cracker carriers, has cut the operating rate of 5-10 percent in December, industry sources said. In addition, the limited deep-sea cargo from Europe will further promote Asian butadiene prices, traders said. Currently, several tons of European origin butadiene goods originally planned to travel to Asia, has now changed course to the United States, because the United States can get better profits, industry insiders said. Makes European goods from Europe to Asia, higher freight costs, another Asian spot prices, choose to give up the Asian market, industry sources said. As of December 7th week, the European butadiene spot prices of 1,150-1,200 U.S. dollars / ton FOBARA (Amsterdam, Rotterdam, Antwerp), according to ICIS data.
Translated by Google Translator from http://news.cria.org.cn/4/11845.html
