News on January 9th: On January 9th, the bidding and sales situation of some domestic butadiene enterprises: Shenghong Refining & Chemical executed at 9,300 yuan/ton; Yantai Wanhua sold 140 tons externally, with a starting bid of 9,200 yuan/ton; Satellite Chemical reduced by 100 yuan/ton, executing at 9,200 yuan/ton. The domestic butadiene market is expected to maintain a relatively strong trend in the short term. Recently, both upstream and downstream products in the industrial chain have strengthened simultaneously, and the futures and spot market performance of downstream synthetic rubber has provided a significant boost to the butadiene market. Although some downstream buyers are cautious about high-priced inquiries, with the rise in domestic supplier and international prices, it is difficult to supplement the market with low-priced sources. It is expected that the domestic butadiene market will maintain a relatively strong trend in the short term, with a focus on downstream transaction conditions. Chempricehub analysis of butadiene, bullish-bearish score: +1.5. The spot price of butadiene is supported by the futures and spot market performance of downstream synthetic rubber, with enterprise execution prices at a high level of 9,200–9,300 yuan/ton (e.g., Shenghong Refining & Chemical at 9,300 yuan/ton, Satellite Chemical at 9,200 yuan/ton), and Yantai Wanhua's starting bid at 9,200 yuan/ton. Both upstream and downstream in the industrial chain are strengthening simultaneously. On the supply side, the rise in supplier and international prices has led to a scarcity of low-priced sources, and the market is expected to maintain a relatively strong trend in the short term. Some downstream buyers are cautious about high-priced inquiries, requiring close attention to transaction conditions. However, overall positive factors dominate, resulting in a score of +1.5 (between generally positive and significantly positive).