- CFR China drops to lowest level since January- Local China/CFR China Spread widens to 3-month-high



Chinese market participants returned on May
4. The Asian
butadiene markets remained under pressure because of ample supplies from
Southeast Spot supplies are available from
Malaysia, Indonesia and Singapore, as well as India Southeast Asia cargoes usually move to Northeast Asia during
the plant turnaround period. The Asian butadiene markets The July ICE Brent Futures dropped $5.45/b from week to
week, and were assessed at HTML The price
of local China butadiene fell Yuan 200/mt from The price spread between local China and CFR China was
calculated at plus $109.57/mt May 5, the highest level since Feb. 2, 2023, when
the spread was calculated at $116-131/mt, the data showed. Downstream, the CFR
Northeast Asia styrene-butadiene-rubber price fell $30/mt to a three-month low...