- China's Sinopec increases local list price by Yuan 400-450/mt- Lower cracker runs make it difficult to have spot
discussions





Despite thin price discussions, Asian
butadiene was stable on Feb. 15, 2015. Because spot availability was reduced by lower
steam cracker operations, price discussions were not as productive. Spot demand
from end-users, especially for synthetic rubber production, was also limited. Asian
synthetic rubber producers cut their plant operations amid low margins which
led to lower spot requirements. China's Sinopec increased the local
list price by Yuan 400/mt from Yuan 10,000/mt February 15, 2015, or $1,272/mt if
you use an import-parity basis. The local China butadiene price was
stable at Yuan 9,600/mt February 15, or $1,221/mt based on an import-parity
base. The data showed that the CFR Japan naphtha
prices fell $6.25/mt upstream on the day. They...