Asian Butadiene: Stable-to-firmer $10/mt as China's
bullish run continues■ China's bullish sentiment fuels the Asia market■ Other supplies available from Southeast AsiaAsian butadiene was steady-to-higher than
$10/mt on Sept. 2. China's
butadiene markets continued to be driven largely by the bullish local market.
However, other Northeast Asia markets were stable. CFR China butadiene prices rose $10/mt each day to $970/mt
in Sept. 2. Asian butadiene prices were
flat to higher $70/mt during the week. This
week's Asian butadiene was driven by an unexpected bullish run in the local
China market. Market participants had previously anticipated that the current
market balance would be heavy. The
butadiene market in China spiked after key supplier Sinopec raised its local
list price by Yuan 1,500/mt from the previous week to Yuan 9,300/mt or
$1,170/mt if you use an import parity basis. The...