International Butadiene Market Closing on Wednesday (January 14):
European butadiene FOB Rotterdam settled at $735-743 per ton; FD Northwest Europe settled at €655-663 per ton.
PriceSeek Analysis of Butadiene Rubber, Bull-Bear Score: 1
International spot prices of butadiene (Europe FOB Rotterdam $735-743 per ton, FD Northwest Europe €655-663 per ton) are at relatively high levels, increasing the production costs of butadiene rubber and supporting spot prices. Combined with the continuous rise in the price of the main futures contract for butadiene rubber (e.g., the 2605 contract, closing at ¥12,295 per ton, up +200) and an increase in open interest, market sentiment is showing stronger bullish tendencies. It is expected that futures prices will maintain an upward trend in the short term.
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