April 28 News – On April 28, some domestic butadiene companies reported bidding and sales updates: Dongming Petrochemical offered 280 tons for external sale at a floor price of 12,700 RMB/ton; Yantai Wanhua executed at 12,900 RMB/ton. Foreign trade transactions have recently been sluggish, and the supply side lacks supportive factors. Downstream players have adopted a strong wait-and-see stance, anticipating further price declines. Yesterday, external sales and mainstream quotes in East China saw significant reductions, easing downstream cost pressure to some extent. The market is now closely monitoring the recovery of downstream operating rates. In the short term, the butadiene market is expected to remain weak.

Chempricehub assessment for butadiene: Bull/Bear Score: -1.5. The article indicates a substantial decline in butadiene spot prices, with Dongming Petrochemical's floor price at 12,700 RMB/ton and Yantai Wanhua's executed price at 12,900 RMB/ton—both lower than earlier highs, reflecting a lack of positive factors on the supply side and sluggish foreign trade activity. Downstream players are holding a strong wait-and-see attitude expecting further declines, and while cost pressure has eased, demand remains weak. Market attention has shifted to the resumption of downstream operations, and the near-term outlook is predominantly bearish. This places downward pressure on spot prices, with further declines anticipated. The score of -1.5 indicates a strong bearish impact.