- Ex Japan's cargoes offered to China- Chinese domestic butadiene companies Yuan 100-Yuan130/mt
day



Asian butadiene dropped $20-$26/mt
on Oct. 13. CFR China butadiene plummeted to a nine-month low at $820-$840/mt.
This was due to the oversupply of spot supplies. According to some market
sources, several spot cargoes from Japan were available and offered to Chinese
end-users. According to some trading
sources, the CFR China price will likely drop below $800/mt in near future. China's domestic butadiene price was Yuan 7,300-Yuan7,380/mt on October 13, or $890/mt if you use import parity. This is a rebound of Yuan 100
- Yuan 180/mt compared to a day earlier. However,
the increase didn't support Asia's butadiene industry. According to reports, Yuan-denominated cargoes were in low
demand because imported material was cheaper. China's current domestic prices are $70/mt more than...