① On November 9, Sinopec East China raised its ex-factory price for butadiene by CNY 400/ton, effective today at CNY 14,900/ton. Downstream synthetic rubber prices have risen accordingly.
② On November 9, the domestic butadiene industry’s capacity utilization rate stood at 65.15%, up 1.3 percentage points from the previous working day.
Table: Domestic Butadiene Price Summary (Unit: CNY/ton)
| Price Type | Producer/Region | Nov 9, 2026 | Nov 6, 2026 | Change | % Change |
|---|---|---|---|---|---|
| Ex-Factory Quote | Sinopec East China | 14,900 | 14,500 | +400 | +2.76% |
| Sinopec South China | 14,850 | 14,450 | +400 | +2.77% | |
| Sinopec North China | 15,000 | 14,600 | +400 | +2.74% | |
| Sinopec Central China | 14,900 | 14,500 | +400 | +2.76% | |
| Lianyungang Petrochemical | 14,840 | 14,460 | +380 | +2.63% | |
| Shenghong Refining & Chemical | 15,050 | 14,400 | +650 | +4.51% | |
| Dalian Hengli | 14,760 | 14,360 | +400 | +2.79% | |
| Yantai Wanhua | 14,900 | 14,900 | 0 | 0.00% | |
| Liaoyang Petrochemical | 14,530 | 14,460 | +70 | +0.48% | |
| Shenhua Ningmei | 14,800 | 14,400 | +400 | +2.78% | |
| Inner Mongolia Jiutai | 14,200 | 14,500 | -300 | -2.07% | |
| Dongming Petrochemical | 14,730 | 14,450 | +280 | +1.94% | |
| Yulong Petrochemical | 15,105 | 14,845 | +260 | +1.75% | |
| Market Price | Shandong Central Delivery | 15,300 | 14,800 | +500 | +3.38% |
| Jiangyin Tank Truck Self-Pickup | 14,750 | 14,400 | +350 | +2.43% | |
| Huanghai West Bank Self-Pickup | 15,060 | 14,460 | +600 | +4.15% | |
| Key Downstream Products | |||||
| BR Rubber | Shandong Daqing BR9000 | 16,100 | 15,950 | +150 | +0.94% |
| SBR Rubber | Shandong Qilu 1502 | 15,800 | 15,600 | +200 | +1.28% |
Data Source: Chempricehub
Based on the delivered price in the Shandong Central region, today’s closing price was CNY 15,300/ton, a week-on-week increase of CNY 500/ton. The domestic butadiene spot market strengthened today. Prices for key downstream products rose, and as downstream facilities gradually resumed operations, expectations for increased butadiene demand grew. This enhanced demand-side support contributed to a bullish sentiment within the market. Low-priced supplies became scarce, leading to an upward shift in transaction centers. However, downstream buyers remained resistant to high prices, resulting in only a modest strengthening of market conditions. Delivered prices in the Shandong Central region ranged from CNY 15,200–15,400/ton, while reference prices for tank truck self-pickup in East China were CNY 14,600–14,900/ton.
On November 9, the domestic butadiene industry’s capacity utilization rate was 65.15%, up 1.3 percentage points from the previous working day. Regarding theoretical production margins, Japanese naphtha prices continued to rise on November 6. While Sinopec maintained its butadiene price at CNY 14,500/ton, the theoretical production margin for butadiene extracted via the C4 extraction process declined, calculated at CNY 5,200.92/ton.
In the short term, export resources for domestic butadiene remain tight. Combined with the gradual recovery in downstream demand, traders are actively maintaining firm quotations, making it difficult to find low-priced supplementary supplies. However, downstream acceptance of high raw material costs is becoming limited, making transactions at elevated levels challenging. Therefore, the domestic butadiene market is expected to fluctuate within a narrow range.
Synthetic Rubber Market: Today, prices for both BR (butadiene rubber) and SBR (styrene-butadiene rubber) markets rose steadily. In the Shandong market, Daqing BR9000 prices increased by CNY 150/ton to reach CNY 16,100/ton, while Qilu SBR 1502 prices rose by CNY 200/ton to reach CNY 15,800/ton.
Table: Domestic Butadiene Data Overview (Unit: 10,000 tons, CNY/ton)
| Indicator | Release Time | Previous Value | Expected Trend |
|---|---|---|---|
| Butadiene Port Inventory | Wednesday 17:00 PM | 3.15 | ↗ |
| Butadiene Production Margin | Friday 17:00 PM | 4,828.46 | ↘ |
| Butadiene Inventory Analysis | Friday 17:00 PM | 5.3 | ↗ |
| Weekly Butadiene Capacity Utilization | Friday 17:00 PM | 64.36% | ↗ |
| Weekly Butadiene Output | Friday 17:00 PM | 10.87 | ↘ |
Data Source: Chempricehub
Notes:
Comments
0