According to the commodity market analysis system data from Business Society, from January 1 to January 15, 2026, the domestic butadiene market exhibited a significant upward trend, with prices rising from 8,333.33 yuan/ton to 9,483.33 yuan/ton, representing a cumulative increase of 13.8%. During this period, the overall market experienced volatile but strengthening conditions, characterized by scarce low-priced supply, firm pricing intentions from suppliers, and robust downstream demand support. Multiple factors collectively drove the price upward. A detailed analysis is provided below from three key dimensions: cost, supply, and demand.

Cost Dimension: Data from Business Society's commodity market analysis system indicates that international crude oil prices fluctuated upward during this period, providing solid cost support for the butadiene industry chain. Geopolitical conflicts intensified, market concerns over the stability of global energy supply grew, and marginal improvements in demand expectations collectively pushed crude oil prices higher. Although naphtha prices experienced periodic fluctuations during this cycle, they remained at relatively high levels overall, laying the foundation for the rise in butadiene prices. (Business Society Brent-WTI crude oil price trend comparison chart.)

Supply Dimension: Sinopec's various sales companies implemented a listed price of 9,550 yuan/ton for butadiene. Dongming Petrochemical's 50,000 tons/year butadiene unit operated normally, with 280-grade material sold via auction at a base price of 9,300 yuan/ton. Yantai Wanhua's 200,000 tons/year butadiene unit operated normally, with a listed price of 9,600 yuan/ton. Satellite Chemical's Lianyungang Petrochemical 90,000 tons/year butadiene unit operated normally, with a price increase of 200 yuan/ton, executing at 9,600 yuan/ton.