- China's Sinopec raises local list price- The supply of Butadiene is
increasing





Despite thin price discussions, Asian
butadiene was stable the 13th of March. Last week, the market sentiment was mixed with
inconsistent price indications. Some traders had quoted CFR
Northeast Asia price as $1,300/mt, while others quoted it as $1,200/mt. Market
sources predict that Asian butadiene will strengthen this week due to rising
demand in China. According to market sources, China's Sinopec
increased its local list price by Yuan 300/mt between March 10 and Yuan
9,500/mt February 13 or $1,188/mt if based on import-parity. Local China
butadiene prices stable since March 10, at Yuan 9,500-9,580/mt March 13. Some expect
Asian butadiene will turn bearish due to rising supplies. Low naphtha
prices have led to some steam crackers expanding their operations in Asia,
which would result in an...