According to the commodity market analysis system data from Business Society, from February 2 to February 9, 2026, the domestic butadiene market experienced a slight downward adjustment, with prices decreasing from 10,400 RMB/ton to 10,033.33 RMB/ton, a decline of 3.53%. During this period, the overall market trended weakly, with supply-side offers showing some relaxation. Downstream pre-holiday stockpiling activities concluded, leading to a reduction in rigid demand support. Multiple factors collectively contributed to the slight price decline.
Cost Aspect:
As indicated by the Business Society commodity market analysis system, international crude oil prices fluctuated downward during this period. Market expectations for energy demand cooled, coupled with heightened pre-holiday risk aversion sentiment, leading to a correction in crude oil prices from higher levels. This weakened the cost support for the butadiene industry chain. Naphtha prices followed the volatility of crude oil, with the overall price center shifting slightly downward. The cost support for butadiene weakened compared to the previous period, providing room for market price adjustments. As of February 6, the settlement price for the March contract of U.S. WTI crude oil futures was reported at 63.55 USD/barrel, while the settlement price for the April contract of Brent crude oil futures was reported at 68.05 USD/barrel.
Supply Aspect:
During this period, the main domestic butadiene production facilities of leading enterprises operated normally, maintaining stable overall supply levels. The market had ample spot circulation, and supply-side offer sentiment noticeably relaxed compared to the previous period. Some enterprises offered moderate discounts to expedite capital recovery before the holiday. Sinopec's sales companies implemented a listed price of 10,300 RMB/ton for butadiene. Dongming Petrochemical's 50,000-ton/year butadiene unit operated normally, with 392 tons available for external sales at a base price of 9,900 RMB/ton. Satellite Chemical's Lianyungang Petrochemical 90,000-ton/year butadiene unit operated normally, with a price of 10,000 RMB/ton. Yantai Wanhua Chemical's Phase II 200,000-ton/year butadiene unit operated normally, with no external sales planned for today.
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