On August 19th, the self pickup price of butadiene from the tank in East China remained stable at around 12,250 RMB/ton.
On August 19th, the mainstream delivery price of butadiene in North China was around 12,700 RMB/ton, a decrease of 50 RMB/ton.
Downstream continued to maintain essential procurement, and the continuous decline in external prices had dragged down market sentiment. The market atmosphere was relatively stagnant, and it is expected that the market will experience narrow fluctuations in the short term under the supply-demand game mentality. We are waiting for further information guidance.
On Friday (August 16th), the closing price of butadiene in foreign markets was partially lowered: the FOB price in South Korea was quoted at 1,455-1,465 US dollars per ton, a decrease of 10 US dollars per ton; China's CFR report was 1,465-1,475 US dollars per ton, a decrease of 10 per ton; European butadiene FOB Rotterdam closed at 1,175-1,185/ton, unchanged; FD Northwest Europe closed at 1,085-1,095 euros/ton, down 30 euros/ton.
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