April 22 news: On April 22, Sinopec's sales companies implemented a butadiene price of 14,600 yuan/ton, a decrease of 900 yuan/ton compared to the previous trading day. The tight supply situation of butadiene in China is gradually easing, with supply becoming more abundant. Downstream profitability has slightly improved, but terminal demand remains weak, with limited release of rigid demand. Although rising crude oil prices provide cost support, they are insufficient to boost market confidence, and bearish sentiment persists among industry participants. It is expected that the butadiene market will experience weak fluctuations in the short term.

Chempricehub's analysis of butadiene, with a bullish-bearish score: -1.5
The article indicates that Sinopec's spot price for butadiene is 14,600 yuan/ton, a significant decrease of 900 yuan/ton compared to the previous day, reflecting the easing of supply tightness and increased availability of supply. Although downstream profitability has slightly improved, weak terminal demand and limited release of rigid demand have led to insufficient market confidence. Despite rising crude oil prices providing cost support, bearish sentiment among industry participants remains strong. The short-term market is expected to fluctuate weakly, posing a moderate to significant bearish pressure on spot prices.

In the futures market, the closing price of the butadiene rubber (a downstream product of butadiene) main contract 2701 was 14,600 yuan/ton (data as of April 21, 2026), which is on par with the current spot price. However, the downward price trend and increased supply are expected to transmit to the futures market. Changes in open interest indicate fluctuating market participation (e.g., the open interest of the 2701 contract increased by 23 lots), which may intensify downward pressure on futures prices. Considering the abundant spot supply, weak demand, and pressure on the futures market, a score of -1.5 reflects a moderate to significant bearish outlook.