Asian Butadiene - Stable amid thin price discussion■ Chinese players are back on Oct. 10■ Bearish market
sentimentAsian butadiene was unchanged from day to
day and week to week on Oct. 7. As
the Chinese National Day holiday was over, market participants were hesitant to
enter into price negotiations for the region. Participants from the Chinese market will be returning to
work on October 10. According to market
sources, Asian butadiene was driven by sharp fluctuations in China's domestic
markets. Asian butadiene didn't have a
clear price direction which made spot discussions difficult. According to market sources, Asian butadiene will likely
remain bearish once Chinese market participants return on Oct. 10, as spot
supplies are expected to increase in the fourth quarter in line with plans for
new butadiene plant startups. China's
steam cracker operation will increase by 10-15%...