- Players await Malaysia tender results- China's exports are limited
due to a higher domestic market





Asian butadiene was deemed stable on July
19, as market participants chose to wait and see amid volatile upstream crude
oil prices. September ICE Brent futures jumped
$2.97-3.25/barrel on a day to $106.44/b on July 19, after a $4.46-5.50/b spike on
July 18. Market participants waited to see the outcome of
Malaysia's latest butadiene sale tender. According
to market sources, butadiene availability was increasing in Malaysia after a
new plant was established. According to market sources, overall
market sentiment is bearish. China's butadiene imports are likely to slow down
because of higher domestic prices. However, additional cargoes from Southeast
Asia were available. The local China butadiene price was stable at
Yuan 10,500-11,000/mt, or $1,350-1,380/mt based on import parity on...