On Wednesday (January 7), the Asian butadiene market closed with an increase of USD 20/ton: South Korea FOB was quoted at USD 965-973/ton, and China CFR was quoted at USD 1000-1008/ton.
PriceSeek analysis of butadiene, bullish-bearish score: 1.5
Spot prices of butadiene in the Asian market closed up by USD 20/ton, with South Korea FOB quoted at USD 965-973/ton and China CFR quoted at USD 1000-1008/ton. This price increase indicates tight market supply and demand, likely driven by rising downstream demand or reduced supply, which strongly supports spot prices. It is expected that prices may continue to rise in the short term, bolstering market sentiment.