April 23 Report Wednesday (April 22) Asian butadiene spot market closed down by $20/ton: South Korea FOB quoted at $2185-2193/ton; China CFR quoted at $2125-2133/ton. Chempricehub evaluates butadiene, bullish-bearish rating: -1. Asian butadiene spot prices closed down by $20/ton, with South Korea FOB at $2185-2193/ton and China CFR at $2125-2133/ton. This decline indicates an oversupply or weak demand in the market, potentially resulting from increased production or reduced downstream purchasing, exerting bearish pressure on spot prices. The rating of -1.0 represents a generally bearish sentiment, as the decline is notable but not extreme, suggesting spot prices may continue to face pressure in the short term.
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