According to reports, market sources said on Wednesday that as the current downstream synthetic rubber industry maintains low-load-rate production and supply is about to increase, it is expected that butadiene prices in Asia may fall further in September. According to traders, the spot price of butadiene for shipments in September was $3,500-3,700/t cfr Northeast Asia, and the spot price for butadiene in Asia was 3 as of August 26th. US$650-3,700/ton CFR Northeast Asia, which fell by US$350/ton from the price at the end of July.
Some traders said that there is now sufficient supply of butadiene onboard from China and the Middle East in September. However, due to the fact that some downstream synthetic rubber plants in Asia are either shut down for maintenance or reduced load, butadiene demand is still not strong. On the supply side, Formosa Petrochemical Company's 700,000 tons/year ethylene cracker will be restarted in September, and the associated 109,000 tons/year butadiene plant will also be restarted.
In addition, China's butadiene supply in September will also be surplus because a number of downstream butadiene butadiene rubber (BR) plants are closed for major overhauls, including Hunan Baling Chemicals, Beijing Yanhua, Xinjiang Dushanzi Chemicals, and Heilongjiang Daqing Chemicals. Diene excess. A buyer predicts that if Formosa Petrochemical successfully restarts an ethylene cracker, the supply will increase significantly and does not rule out the possibility that the butadiene price will drop to US$3,200/tonne CFR in Northeast Asia.
Some traders said that there is now sufficient supply of butadiene onboard from China and the Middle East in September. However, due to the fact that some downstream synthetic rubber plants in Asia are either shut down for maintenance or reduced load, butadiene demand is still not strong. On the supply side, Formosa Petrochemical Company's 700,000 tons/year ethylene cracker will be restarted in September, and the associated 109,000 tons/year butadiene plant will also be restarted.
In addition, China's butadiene supply in September will also be surplus because a number of downstream butadiene butadiene rubber (BR) plants are closed for major overhauls, including Hunan Baling Chemicals, Beijing Yanhua, Xinjiang Dushanzi Chemicals, and Heilongjiang Daqing Chemicals. Diene excess. A buyer predicts that if Formosa Petrochemical successfully restarts an ethylene cracker, the supply will increase significantly and does not rule out the possibility that the butadiene price will drop to US$3,200/tonne CFR in Northeast Asia.
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