Some sellers offered slight price reductions to facilitate sales, resulting in narrow fluctuations in the butadiene market.

1. Daily Summary

① On October 10, Sinopec East China ex-factory butadiene prices remained stable at CNY 14,000/ton, while downstream synthetic rubber prices increased.

② On October 10, the domestic butadiene industry capacity utilization rate was 68.30%, a slight increase of 0.05 percentage points from the previous working day.

2. Spot Market Overview

Table: Domestic Butadiene Price Summary (Unit: CNY/ton)

Data Source: Chempricehub

Based on the delivered price in the Shandong Luzhong region, today's closing price was CNY 14,050/ton, a decrease of CNY 100/ton compared to the previous period. Today, the domestic butadiene market fluctuated within a narrow range. Rising crude oil prices provided strong cost support for butadiene, and traders showed little willingness to offer low prices. However, downstream users remained resistant to high raw material costs, resulting in a cautious wait-and-see attitude in the market. Some merchants offered slight discounts to facilitate sales, while downstream demand followed strictly on essential needs, leading to narrow fluctuations in market conditions. The delivered price in the Shandong Luzhong region ranged from CNY 14,000–14,100/ton, while the reference price for tank pickup in East China was CNY 13,800–13,900/ton.

On October 10, the domestic butadiene industry capacity utilization rate was 68.30%, a slight increase of 0.05 percentage points from the previous working day. Regarding theoretical production profits, on October 9, the Japanese naphtha market saw a slight decline. Sinopec butadiene prices remained stable at CNY 14,000/ton, causing the theoretical production profit for butadiene extraction via C4 processing to rise. The calculated profit for the C4 extraction process stood at CNY 4,229.79/ton.

4. Price Forecast

In the short term, there are expectations for brief shutdowns at northern Huajin facilities in China, leading to a slight reduction in domestic output. Combined with continued strong cost support, merchants' offers remain firm. However, as downstream industry profits gradually recover, buying interest remains cautious, creating significant resistance to transactions at high prices. The domestic butadiene market is expected to fluctuate within a narrow range.

5. Related Product Updates

Synthetic Rubber Market: Today, both BR (butadiene rubber) and SBR (styrene-butadiene rubber) market prices increased. In the Shandong market, Daqing BR9000 prices rose by CNY 300/ton to CNY 16,700/ton, while Qilu SBR 1502 prices increased by CNY 200/ton to CNY 17,000/ton.

6. Data Calendar

Table: Domestic Butadiene Data Overview (Units: 10k tons, CNY/ton)

Data Source: Chempricehub

Notes:

1. ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuation, highlighting data with changes between 0% and 3%.