During this period, butadiene prices in the Asian market rose. Spot supply within Asia was relatively tight, and the strong performance of synthetic rubber, a key downstream product in China, further pushed regional prices higher. On October 23, a cargo for November delivery was traded at USD 1,830/ton CFR Northeast Asia. Market rumors indicate that discussions for December-delivery cargoes are centered around or above USD 1,900/ton CFR Northeast Asia; however, no confirmed transactions have been reported yet. Supported by feedstock costs and firm upstream prices, sellers’ FOB export offers are concentrated in the range of USD 1,850–1,950/ton.
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