Market and product

Global oversupply of the market outlook will butadiene

12:06 AM @ Monday - 01 January, 1900

It is reported that market sources said on Monday, affected by weak demand and increased supply of double impact of the global balance between supply and demand of butadiene has changed, the next few months in Europe, Asia and the U.S. butadiene (BD) prices may fall further, thereby end up momentum.

This year1month price of butadiene in Asia2150U.S. dollars/ton, to7months15days had reached4250-4300U.S. dollars/tonneCFRNortheast Asia, a record high.

The supply side, although seasonal demand has entered the off-season, but the cracker profits remained strong, so manufacturers are still reluctant to lower operating rates.The demand side, the downstream synthetic rubber plant is shut down for maintenance and down-load operation, leading to butadiene demand is still not busy.And Formosa Petrochemical Corporation70ten thousand tons/years,aset of ethylene cracker will be9months to restart, supporting10.9ten thousand tons/years of butadiene plant will subsequently be restarted.In addition, China9months will be excess supply of butadiene.