January 23rd News On January 23rd, the domestic butadiene market experienced a significant surge. In Shandong, the mainstream delivered prices for butadiene ranged from 10,800 to 11,100 yuan per ton, while in East China, ex-wharf self-pickup quotations stood at 10,500 yuan per ton. Market activity intensified sharply. Currently, both futures and spot prices of downstream synthetic rubber are trending upward with considerable momentum. Market sentiment remains overwhelmingly bullish, with optimism continuing to build. Compounded by the increasingly tight supply of spot resources in Shandong, these dual positive factors have synergistically driven a sharp spike in butadiene prices, leading to a rapid market rally. It is anticipated that the domestic butadiene market will maintain its robust performance in the short term. Moving forward, close attention should be paid to actual transaction volumes and the price movements of synthetic rubber futures. **Chempricehub Analysis** **Butadiene, Bull-Bear Score: 2** The article indicates that spot prices for butadiene have surged sharply to 10,800–11,100 yuan/ton (Shandong) and 10,500 yuan/ton (East China). This rise is primarily driven by the dual catalysts of tight spot supply in Shandong and robust demand from downstream synthetic rubber. Market sentiment is strongly bullish, with activity heating up rapidly. It is expected that the market will maintain its strong performance in the short term. This development is significantly bullish for butadiene spot prices, alleviating supply-side pressure and potentially stimulating inventory drawdowns and increased procurement activity. **Synthetic Rubber, Bull-Bear Score: 1** As a downstream product of butadiene, synthetic rubber futures and spot prices are trending upward with considerable momentum. The article notes that bullish sentiment in the market continues to build, further supported by rising butadiene costs and synchronized demand. This is bullish for synthetic rubber spot prices and may drive increased procurement demand in end-use sectors such as the tire industry. However, close monitoring of actual transaction volumes is necessary to confirm sustained upward momentum.