SunSirs: The Domestic Butadiene Market Showed Strong Performance on August 22nd
August 23 2024 16:04:53 SunSirs (John)
On August 22nd, the self pickup price of butadiene from the tank in East China was around 12,550 RMB/ton, with an increase of 50 RMB/ton.
On August 22nd, the mainstream delivery price of butadiene in North China was around 13,050 RMB/ton, with an increase of 50 RMB/ton.
As of August 22nd, the overall market quotation had been on the rise, and holders had a strong mentality of supporting prices, with firm quotes. The enthusiasm for downstream inquiries was low, and there was a strong wait-and-see attitude. Under the mentality of suppliers supporting prices, it is expected that the butadiene market will operate steadily with a moderate to strong trend in the short term.
On Wednesday (August 21st), butadiene closed flat in foreign trading: among them, the FOB price in South Korea was quoted at 1,455-1,465 US dollars/ton, which was flat; China CFR reported 1,465-1,475 US dollars/ton, unchanged; European butadiene FOB Rotterdam closed at 1,145-1,155 US dollars/ton, unchanged; FD Northwest Europe closed at 1,085-1,095 euros/ton, unchanged.
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