- China's bullish sentiment fuels the Asia market- Additional supplies from Southeast Asia



Asian butadiene was steady-to-higher than
$10/mt on Sept. 2. China's
butadiene markets continued to be driven largely by the bullish local market.
However, other Northeast Asia markets were stable. CFR China butadiene prices rose $10/mt each day to $970/mt
in Sept. 2. Asian butadiene prices were
flat to higher $70/mt during the week. This
week's Asian butadiene was driven by unexpected bullish runs in the local China
market. Market participants had previously anticipated that the current market
balance would be heavy. The Chinese
butadiene market exploded, with Sinopec, a key supplier, raising its local
price by Yuan 1,500/mt, or $11,170/mt on an imported-parity basis. Spot China butadiene prices also rose by Yuan 1,400/mt over
the week. They were assessed at Yuan 9,600/mt (September...