April 29 News – On April 29, Sinopec’s various sales subsidiaries priced butadiene at 12,800 yuan/ton, flat compared to the previous trading day. Amid uncertainties stemming from the geopolitical situation in the Middle East, prices of crude oil and related chemical products have been steadily rising, while domestic low-cost butadiene supply continues to shrink. Meanwhile, downstream plant operating rates have slightly recovered, and foreign trade transactions have seen increased volumes, gradually strengthening demand-side support. At present, market transactions remain cautious, and butadiene is expected to undergo narrow-range consolidation. Chempricehub's analysis of butadiene gives a bullish/bearish rating of 1. The article indicates that spot butadiene prices remain flat at 12,800 yuan/ton, but driven by rising crude oil and related chemical product prices amid Middle East geopolitical factors, cost support has strengthened. Domestic low-cost supply continues to shrink, tightening supply. Additionally, the recovery of downstream plant operating rates and increased foreign trade volumes have steadily reinforced demand support. Market transactions are cautious, and a narrow-range consolidation is expected. Overall, positive factors dominate spot prices, though they have not yet reached a major positive level.