April 17th News: On April 17th, the bidding and sales situation of some domestic butadiene enterprises: Dongming Petrochemical sold 224 tons externally with a base price of 15,600 yuan/ton; Yantai Wanhua sold 168 tons externally with a starting bid of 15,200 yuan/ton. Downstream rigid demand has insufficient short-term support, with a large number of bidding sources in East China being unsold, and overall market procurement sentiment remains weak. Although some companies have plans to reduce production, which may lead to a contraction in future supply and provide some support for merchants' price-firming mentality, the weakness on the demand side remains prominent. Considering the supply and demand fundamentals, the short-term butadiene market is expected to maintain a weak and volatile trend. Chempricehub's analysis of butadiene, with a bullish-bearish score: -1. The article indicates that downstream rigid demand lacks support, bidding sources in East China have seen significant unsold volumes, and overall market procurement sentiment is weak, leading to downward pressure on spot prices. Although some companies plan to reduce production, which may contract supply and provide some support for price-firming sentiment, the weakness on the demand side remains prominent. Considering the supply and demand fundamentals, the short-term spot market for butadiene will maintain a weak and volatile trend. The score of -1 (generally bearish) reflects that weak demand dominates the market, and spot prices lack upward momentum.
Comments
0