- Supplies tight amid plant turnaround season- Buying limited for May business



Asian butadiene was stable day on day April
27. Spot supplies in Northeast Asia were
limited due to butadiene turnaround season. On
the other hand, buying appetite was also scarce for May delivery business, as some end-users have already bought their
requirements from Europe. Spot price
discussions were also limited ahead of May Golden Week holiday season. Market participants
in China and Japan would be away from trading from the end of this week due to local holidays. Spot buying in China ahead of the holiday also stalled. Local China butadiene price was
assessed stable day on day at Yuan 8,800/mt April 27 or $1,103/mt on an import-parity basis. Upstream, the CFR Japan naphtha price fell $16/mt day on day
to be assessed at $637.75/mt April
27. The price spread between butadiene and naphtha...