Asian Butadiene: Falls $20-25/mt on bearish demand, ample
supplies■ China's
lowest level since Jan. 25,■ Buyers are waiting for fresh Southeast Asia offersAsian butadiene dropped $20-25/mt on Aug.
26, to $900-920/mt CRC China. This was the lowest level since Jan. 25, 20,22
when the price was $890-910/mt. Market
sentiment was bearish despite ample supply and slow demand. Spot price discussions were also limited in a volatile
upstream market. The October ICE Brent
futures dropped $1.49-2.50/barrel on the day to $99.86-105.50/b August 26. CFR
Japan naphtha prices were down $16.50-21.50/mt the day to $669.50-700.25/mt Aug
26. According to reports, Asia's spot
demand was limited because most end users, including South Korea, were able to
purchase their September needs. According
to market sources, China's downstream plant operations were cut due to power
shortages, which has lowered spot butadiene consumption. Downstream...