① On October 20, Sinopec East China ex-factory butadiene prices were cut by RMB 150/ton to RMB 13,350/ton, leading to a decline in downstream synthetic rubber prices.
② On October 20, the domestic butadiene industry capacity utilization rate stood at 65.92%, remaining stable compared to the previous working day.
Table: Domestic Butadiene Price Summary (Unit: RMB/ton)
| Price Type | Producer/Region | Oct 20 Price | Oct 19 Price | Change (Value) | Change (%) |
|---|---|---|---|---|---|
| Ex-factory Quote | Sinopec East China | 13350 | 13500 | -150 | -1.11% |
| Sinopec South China | 13300 | 13450 | -150 | -1.12% | |
| Sinopec North China | 13450 | 13600 | -150 | -1.10% | |
| Sinopec Central China | 13350 | 13500 | -150 | -1.11% | |
| Lianyungang Petrochemical | 13120 | 13260 | -140 | -1.06% | |
| Shenghong Refining & Chemical | 13150 | 13300 | -150 | -1.13% | |
| Dalian Hengli | 13310 | 13310 | 0 | 0.00% | |
| Yantai Wanhua | 13500 | 13500 | 0 | 0.00% | |
| Liaoyang Petrochemical | 12990 | 12990 | 0 | 0.00% | |
| Shenhua Ningmei | 12600 | 12730 | -130 | -1.02% | |
| Inner Mongolia Jiutai | 12750 | 12750 | 0 | 0.00% | |
| Dongming Petrochemical | 13100 | 13200 | -100 | -0.76% | |
| Yulong Petrochemical | 13300 | 13300 | 0 | 0.00% | |
| Market Price | Shandong Central Delivery | 13375 | 13450 | -75 | -0.56% |
| Jiangyin Tank Truck Self-pickup | 13050 | 13250 | -200 | -1.51% | |
| Huanghai West Bank Self-pickup | 13120 | 13275 | -155 | -1.17% | |
| Key Downstream | |||||
| BR Rubber (Shandong Daqing BR9000) | 16100 | 16200 | -100 | -0.62% | |
| SBR Rubber (Shandong Qilu 1502) | 16050 | 16250 | -200 | -1.23% | |
| Data Source: Chempricehub Info |
Based on the delivery price in the Shandong Central region, today's price closed at RMB 13,375/ton, down RMB 75/ton from the previous period. The domestic butadiene market prices declined today. Demand from key downstream products remained weak, and the synthetic rubber market fell. Cautious wait-and-see sentiment was prevalent among market participants. Buyers showed increased resistance to high prices, prompting some traders to offer discounts to move inventory. Actual transaction prices continued to drop, pushing the overall market lower. Delivery prices in the Shandong Central region ranged from RMB 13,300 to 13,450/ton, while tank truck self-pickup prices in East China referenced a range of RMB 13,000 to 13,100/ton.
On October 20, the domestic butadiene industry capacity utilization rate was 65.92%, stable compared to the previous working day. Regarding theoretical production profits, on October 19, Japanese naphtha prices rose in the market, while Sinopec butadiene prices held steady at RMB 13,500/ton. Consequently, the theoretical production profit for butadiene extraction from C4 fractions decreased, with the calculated profit for the C4 extraction process standing at RMB 3,545.38/ton.
In the short term, supply-side guidance for the butadiene market is limited. Downstream demand continues to be weak, with plant operating rates maintaining low levels. Coupled with the sluggish trend of key downstream products, cautious wait-and-see sentiment remains strong. Willingness to purchase butadiene may remain average, potentially suppressing market trends. However, supported by costs, traders have limited room for price concessions. The domestic butadiene market is expected to primarily trade within a fluctuating range.
Synthetic Rubber Market: Today, prices for both butadiene rubber (BR) and styrene-butadiene rubber (SBR) declined. In the Shandong market, Daqing BR9000 prices dropped by RMB 100/ton to RMB 16,100/ton, while Qilu SBR 1502 prices fell by RMB 200/ton to RMB 16,050/ton.
Table: Domestic Butadiene Data Overview (Unit: 10,000 tons, RMB/ton)
| Data Indicator | Release Date | Previous Period Data | Expected Trend This Period |
|---|---|---|---|
| Butadiene Port Inventory | Wed 17:00 PM | 2.82 | ↗ |
| Butadiene Production Profit | Fri 17:00 PM | 3892.42 | ↘ |
| Butadiene Inventory Analysis | Fri 17:00 PM | 4.72 | ↗ |
| Weekly Capacity Utilization Rate | Fri 17:00 PM | 67.49% | ↗ |
| Weekly Output Volume | Fri 17:00 PM | 10.9 | ↗ |
| Data Source: Chempricehub Info | |||
| Notes: | |||
| 1. ↓↑ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗↘ indicates minor fluctuations, highlighting data with changes within 0-3%. |
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