According to the Commodity Market Analysis System of Shengyi Society, from March 21 to March 28, the domestic butadiene market price decreased from 11037.5 yuan/ton to 11000 yuan/ton, with a price reduction of 0.34% during the period. This week, the performance of the butadiene market remains weak, with a slight decrease in spot market prices and a weak market operation. This week, the spot market supply is relatively loose, and the supply side is slightly short. On the demand side, the synthetic rubber market has slightly weakened, and there is a need to replenish raw materials as needed. The mentality of the spot market is weak due to weak supply and demand, and the overall market operation is weak. As of March 28th, the delivery price in Shandong region is between 11200-11250 yuan/ton.

Cost wise: International crude oil futures closed higher on March 27th, with the settlement price of the main contract for US WTI crude oil futures at $69.92 per barrel. The settlement price of the main Brent crude oil futures contract is $73.34 per barrel.
Supply side: The listed price of butadiene for various sales companies of Sinopec is 11100 yuan/ton, which remains unchanged this week.
Demand side: During this cycle, the butadiene rubber market first fell and then rose, with a slight overall decline. According to the commodity market analysis system of Shengyi Society, as of March 26, the butadiene rubber market price in East China was 13920 yuan/ton, with stable raw material butadiene prices and weak support for butadiene rubber costs; The production of butadiene rubber has fluctuated slightly, and the pressure on the supply side still exists; The downstream construction is basically stable, mainly supporting the demand for butadiene rubber, and there is a slight consolidation of merchant offers. As of March 28th, mainstream prices for butadiene rubber in Sichuan, Dushanzi, and Lande are reported at 13550-13700 yuan/ton.
Market forecast: The crude oil market trend this week is stable, moderate, and strong, providing good support for the market. In terms of supply, there have been few maintenance visits to butadiene enterprises recently, and the subsequent arrival situation at the port is good. The market expects a good supply of butadiene, but the supply side is relatively empty. In terms of demand, the downstream synthetic rubber market has recently shown weak performance, with demand leaning towards rigid demand. Overall, the supply and demand performance of the butadiene market is bearish, and it is expected to be mainly stable, moderate, and weak in the short term.