In June, the domestic butadiene market continued the upward trend. The price of butadiene in China rose to a new high in the year, driven by the continued high rise of the external market. According to the sample data monitored by the business community, the domestic butadiene market price was 7458 yuan / ton at the beginning of the month, and 8852 yuan / ton at the end of the month, with an increase of 18.68% in the month, a year-on-year increase of 156.09%, and a maximum amplitude of 46.16% in the first half of the year.
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In June, the domestic butadiene market continued the upward trend. During the month, the delayed start-up of phase II plant of Zhejiang Petrochemical Co., Ltd., the unexpected situation of Shanghai Petrochemical Co., Ltd. and Quanzhou Petrochemical Co., Ltd., as well as the supply side news such as domestic exports of goods all gave obvious support to the market. The price of butadiene in China rose to a new high in the year, driven by the continued high rise of the external market. Although the downstream synthetic rubber market rose slightly, the terminal performance was not good. The butadiene market rose without the continuous support of downstream demand. In the middle and late ten days, with the butadiene industry reaching a high level, the transaction of some high price sources was gradually weak; In addition, affected by the policy, the downstream construction was not good at the end of the month, and the transportation in some areas was limited, the market trading was gradually weakening, and the market performance stopped rising and consolidation.
In terms of enterprises, the supply price of butadiene in Sinopec’s sales companies increased by 1300-1800 yuan / ton month on month, and 8800-9300 yuan / ton as of June 30; Nanjing Chengzhi 100 kt / a butadiene oxidative dehydrogenation unit was put into operation on June 17 after restart; LG of South Korea added 130000t / a butadiene plant, which was put into operation within a month and is now in stable operation.
As of July 2, the factory quotations of some domestic butadiene manufacturers are as follows:
enterprise ., Price (yuan / ton)%, plant dynamic
Liaoyang Petrochemical 8960 yuan / ton Stable operation of 30000 T / a butadiene plant
Dalian Hengli 9110 yuan / ton 140000t / a butadiene plant operates stably, and the source of goods is normal for export
Liaotong chemical 9010 yuan / ton 130 tons of goods for export
Fushun Petrochemical No export Normal operation of 160000 T / a butadiene extraction unit
Jiutai, Inner Mongolia / The 70 kt / a oxidative dehydrogenation unit has been shut down for maintenance since April 12 and is expected to last about 20-30 days
Sipang, Jiangsu Province nine thousand and four hundred Stable operation of 100 kt / a butadiene oxidative dehydrogenation unit
Zhenhai Refining & Chemical Co., Ltd nine thousand Normal operation of 165000 T / a plant
Shanghai Petrochemical nine thousand Normal operation of 120000 T / a plant
Yangzi Petrochemical nine thousand Normal operation of 120000 T / a plant
Sinopec nine thousand The 200000 t / a plant is in normal operation and mainly supplied by each other
Maoming Petrochemical eight thousand nine hundred and fifty 150000 T / a plant is in normal operation, mainly for mutual supply and a small amount for export
Guangzhou Petrochemical nine thousand The 30000 T / a plant is in normal operation, mainly for mutual supply and a small amount for export
Wuhan ethylene nine thousand and three hundred 190kt / a extraction unit operates stably, mainly for mutual supply and a small amount for export
External price: as of July 1, the external price of butadiene in Asia was stable: FOB Korea closed at US $1365-1375 / T; CFR China closed at US $1305-1315 per ton. The external price of butadiene in Europe was stable: FOB Rotterdam closed at US $1795-1805 / T; FD northwest Europe closed at 1345-1355 euros / ton.
region ., Country. Closing price. Up and down
Asia FOB Korea 1365-1375 USD / T 0 USD / ton
Asia CFR China 1305-1315 USD / T 0 USD / ton
Europe FOB Rotterdam 1795-1805 USD / T 0 USD / ton
Europe FD northwest Europe 1345-1355 euro / ton 0 euro / ton
In the short term, the domestic butadiene market is still driven by the external market. Supported by the high external market, the domestic market may fluctuate at a high level at the end of June and the first half of July. However, under the pressure of terminal demand, the upward momentum of the market is slightly insufficient. Business community butadiene analysts expect that short-term domestic butadiene market high consolidation.
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