In August, the domestic butadiene market continued to decline. Although the external market was high at the beginning of the month, it still did not stop the decline of butadiene market. At the end of the month, the external market also began to decline, which could not be supported. In addition, major production enterprises lowered their quotations for many times, and butadiene ended miserably in August.

According to the sample data monitored by the business society, the domestic butadiene market price was 11312 yuan / ton at the beginning of the month and 10565 yuan / ton at the end of the month, with a decrease of 6.60% and a year-on-year increase of 96.11%.

In August, with the launch of new production capacity and the planned restart of some units, the supply side of the domestic butadiene market was widened to a certain extent. Some northeast enterprises recently resumed competitive sales, and the social supply of goods increased significantly. In addition, the start-up of synthetic rubber industry has decreased and the cost side is under pressure, which affects the supply and demand fundamentals of butadiene and is difficult to find a significant positive boost. However, the recent strong upward performance of the external market may support the downward space of the butadiene market. Although the external price performance was strong, due to the typhoon, the shipment of some domestic export sources was delayed, and there were many short-term shutdown of downstream devices, and the market demand performance was weak. The short-term market expectation is short. With the weakening of downstream inquiry intention, the focus of spot price continues to decline.

In terms of enterprises, the butadiene supply price of Sinopec’s sales companies has been reduced by 1400 yuan / ton month on month, and 10600 yuan / ton has been implemented as of August 31; The 120000 T / a butadiene unit of Liaotong chemical industry has been shut down for maintenance since July 14, 2021, and it is planned to restart around August 28; The 100000 t / a butadiene oxidative dehydrogenation unit of Jiangsu Sibang Petrochemical was restarted. The ethylene unit of Gulei Petrochemical was successfully started this week, and its 130000 T / a butadiene unit is expected to be put into operation around August 20; The 140000 T / a butadiene unit of Shandong Luqing Petrochemical was put into operation on August 19; The 135000 T / a butadiene unit of Lanzhou Petrochemical stopped for maintenance on August 13.

External: as of August 30, the external price of butadiene in Asia was stable: FOB Korea closed at USD 1625-1635 / ton; CFR China closed at US $1495-1505 / ton. The external price of butadiene in Europe is stable: FOB Rotterdam closes at US $2025-2035 / ton; FD northwest Europe closed at 1615-1625 euros / ton.

region ., Country, closing price, up and down

Asia FOB Korea USD 1625-1635 / ton USD 0 / ton

Asia CFR China 1495-1505 USD / ton USD 0 / ton

Europe FOB Rotterdam USD 2025-2035 / T USD 0 / ton

Europe FD northwest Europe 1615-1625 euros / ton 0 euro / ton

According to the price monitoring of the business community, in the list of commodity prices in August 2021, there were 59 kinds of commodities rising month on month in the chemical sector, including 29 kinds of commodities rising by more than 5%, accounting for 29.6% of the monitored commodities in the sector; The top three commodities were formic acid (48.35%), lithium carbonate (30.45%) and hydrochloric acid (29.41%). A total of 34 kinds of commodities decreased month on month, and 13 kinds of commodities decreased by more than 5%, accounting for 13.3% of the monitored commodities in this sector; The products with the first three declines were liquid ammonia (- 21.16%), chloroform (- 16.00%) and urea (- 13.43%). The average rise and fall this month was 3.39%.

Under the pressure of terminal demand, the domestic butadiene market continued to be depressed. Butadiene analysts of business society predict that the domestic butadiene market will be dominated by low-level consolidation in the short term.