During this cycle, the butadiene market in Asia has trended slightly stronger. Rising synthetic rubber futures provided support to the market, while a pullback in Brent crude oil exerted pressure on the cost side. The market exhibited clear characteristics of supply-demand tug-of-war, with expectations of tight supply offset by weak downstream demand. Mainstream CFR China offers for October cargoes were negotiated in the range of USD 1,500–1,600 per ton.
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