Asian Butadiene : Stable as players in wait-and-see- The local China price remains unchanged at Yuan
8,700/mt- Lower China prices limit import demandDay 22 March was a stable day for Asian
butadiene. Spot
price discussions were restricted due to volatile upstream markets. May ICE Brent futures were $0.90/b more day-on-day at
$75.02/b March 22, According to data, the
local China butadiene prices were stable at Yuan 8,700/mt February 22, or
$1,098/mt if you consider import parity. China's
butadiene markets were seen as bearish due to rising supplies. Spot demand (based CFR China) was low because the CFR China
local price was lower than CFR China. CFR
China butadiene is currently priced at $51/mt more than the local China price. According to some trading sources, there is more interest in
China-origin material exports. Upstream
CFR Japan naphtha 2.75/mt more day...