See from the recent market statistics, the Asian spot butadiene prices had fallen in the situation since the end of September was a change, has rebounded to more than $ 1500 (t price, the same below). The main reason is that large cracker operators to cut the operating rate, resulting in tight supply, and to stop the price decline.
According to ICIS data, as of December 7th week, Asia butadiene spot prices averaged $ 1510 (CFR Northeast Asia), November 30, the average price is $ 1470 (CFR, Northeast Asia). ICIS data show that since September 28th Asia butadiene spot prices fell $ 540, or about 26%, then the average price for 2010 dollars (CFR, Northeast Asia).
The market is expected to Asia in January next year butadiene supply may tighten, prices are likely to rebound to $ 1600 (CFR Northeast Asia) above.The suppliers also think this wave rally will be more moderate, because the downstream synthetic rubber market demand remains sluggish. It is reported, including the Korean Yeocheon Naphtha Cracking Center (YNCC) and China Taiwan Formosa Petrochemical company cracker operators, the operating rate for December has been reduced by 5 to 10 percentage points. In addition, the deep-sea cargo from Europe, will further promote the Asian butadiene prices.
Source: CRIA
