- The players monitor the local China market- Asia butadiene–naphtha spread
over $300-320/mt





Asian butadiene was stable on September 5
despite thin price discussions. Market participants were still waiting and
watching. The market players closely monitored
whether China's local markets would remain stable over the course of the week. Yuan 400-450/mt
jumped on the day to Yuan 9.600-14.500/mt by Sept. 2, marking the highest level
since July 27, when it was valued at Yuan 9,800-10,400/mt. The data
showed that the local China butadiene prices remained stable at Yuan 9,600-10,000/mt
(up from Sept. 2), or $1,207/mt if you consider import-parity. The spread
in naphtha and butadiene prices has increased due to the recent China market
strength. CFR Japan naphtha prices dropped $4-5/mt since
Sept. 2, at $666-680/mt. The data revealed that the price
spread between naphtha and...