On January 23, the international butadiene market closed higher on Thursday (January 22): European butadiene FOB Rotterdam settled at $775–783/ton; FD Northwest Europe settled at €665–673/ton. Chempricehub's analysis of butadiene gave a bullish-bearish score of 2. The article indicates that international butadiene prices have risen across the board, with European FOB Rotterdam settling at $775–783/ton and FD Northwest Europe at €665–673/ton, suggesting that global supply-demand tightness or cost-driven factors have led to an increase in spot prices, which is favorable for the spot market. Combined with butadiene rubber futures data, the main contract, such as 2605, closed at 12,300 yuan/ton, up by +360 yuan/ton, and the increase in open interest indicates growing bullish interest. The rise in raw material butadiene prices will drive up production costs, further benefiting related futures prices. Therefore, this constitutes a significant positive for butadiene spot and downstream derivative futures.