On May 26, some domestic butadiene enterprises conducted auctions and sales as follows: Dongming Petrochemical sold 224 tons externally with a floor price of 12,000 yuan/ton; Satellite Chemical sold 336 tons externally with a starting price of 11,800 yuan/ton. Crude oil and synthetic rubber futures declined, leading to cautious downstream inquiries, with actual transactions trending toward the lower end. In the short term, butadiene faces bearish expectations, exerting pressure on feedstock sentiment. However, some downstream restocking demand persists, providing certain market support. It is anticipated that butadiene prices will fluctuate within a range in the near term.