China Butadiene Market to Hike in the Short Run
Introduction: Within three weeks after the Spring Festival holiday, China’s butadiene price first soared, then slowed down and finally surged. The market trend showed various fluctuations each week, with quick ups and downs. Although the inventory pressure at East China port is still high in March, the market price of butadiene is still low at present compared with the market price of synthetic rubber. Besides, in April, some butadiene units are expected to take maintenance. Thus, most of the market players will adopt a bullish sentiment. In the short run, China’s butadiene market will gain ground.
China’s butadiene market fluctuated sharply after the holiday.
After the Spring Festival holiday, the market price of butadiene headed up rapidly. In the context of the bullish atmosphere of the commodity market, the market price of butadiene also hiked mainly driven by the price increases in natural rubber and synthetic rubber. The butadiene price surged by around 20% amid stable fundamentals. Taking the Shandong market as an example, the butadiene price on February 26 increased by nearly 22% from February 18.
