On January 15, Sinopec's sales companies implemented a price of 9,550 yuan/ton for butadiene, an increase of 350 yuan/ton compared to the previous trading day. Recently, both domestic and international butadiene prices have surged, with the main downstream synthetic rubber market also strengthening, forming an upstream-downstream linkage-driven upward trend. Although some downstream sectors have seen narrowing profit margins due to the rapid rise in raw material costs, leading to more cautious purchasing, the core support logic of butadiene's short-term supply-demand fundamentals remains solid.
PriceSeek's analysis of butadiene gives a long-short score of 1.5. The spot price of butadiene increased by 350 yuan/ton to 9,550 yuan/ton compared to the previous trading day, reflecting a significant rise. This highlights the joint surge in domestic and international prices and the strengthening of the downstream synthetic rubber market, which together have driven the upward trend. Despite some downstream sectors experiencing profit compression due to rising raw material costs and adopting a more cautious purchasing approach, the core support from short-term supply-demand fundamentals remains solid. Tight supply coupled with resilient demand continues to push prices higher.
Based on futures market data, the main butadiene rubber contract 2605 closed at 12,295 yuan/ton, up by 200 yuan/ton, with stable open interest. This indicates that futures prices have strengthened in tandem with rising raw material costs, sustaining an overall favorable market trend.
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