- The Southeast Asia region is expected to
have ample supply.- Large price gap between buying and selling levels
persists



Asian Butadiene spot price fell further on
July 7. CFR Northeast dropped $20-25/mt due to weak demand and increased
supply. Although
no details were available at the time of this report, it is expected that Southeast
Asia will have spot tenders. The demand is
decreasing due to lower downstream production, which has resulted in China's
butadiene inventory increasing. A buyer
stated that most buyers should have enough coverage for July. Therefore,
negotiations have been slow. According to
market sources, the rate of discharge from China ports has been slower due to
softer demand and logistical problems related to tight COVID-19 regulations. Market participants stated that producers are unwilling to
lower olefin prices, including butadiene. However, cracker...