The rise in butadiene prices in China is mainly due to the impact of rising raw material prices. The lack of competitors from the two domestic suppliers and the combined increase in market prices are not conducive to the complete return of butadiene prices to the market. In addition, as a substitute for natural rubber, butadiene rubber and styrene-butadiene rubber are affected by relatively high prices of natural rubber, and their prices are relatively high. At present, there are still some newly built and put into operation butadiene-butadiene rubber and styrene-butadiene rubber projects in China. China's butadiene prices temporarily do not fall due to the reduction of demand by mid-stream and downstream companies.
China's butadiene factory price fell from the end of November last year to a low price of 13,500 yuan / ton, after three months of continuous soaring, recently reached 27,500 yuan / ton, an increase of up to 100%, the market price has exceeded 30,000 yuan / ton.
China's demand for rubber is a rigid demand, and it will not result in a sudden decrease in demand due to a rise in the price of a certain link. Even if demand is reduced, the price response will not be too great. At present, the mid-stream and downstream enterprises also rely on a large amount of raw material stocks, and there are many imported rubbers in stocks, so the product prices will not appear obvious fluctuations, but the impact of a sharp increase in raw material costs will gradually appear in the follow-up production, there is a certain lag effect. Products that are closely related to consumers will not experience significant price increases for the time being.
Most domestic butadiene-butadiene rubber and styrene-butadiene rubber plants have recently been overhauled and stopped production. However, due to the influence of external disks, it is expected that domestic prices of butadiene will not decline.
At present, listed companies involved in butadiene are Qixiang Tengda and Liaotong Chemical . Last weekend, Qi Xiang, Tsingda securities department Liu Bing said Qixiang Tengda 100,000 tons butadiene project is expected to be put into production before the end of June this year, the current domestic butadiene supply is tight, the market price is high, the international crude oil price is obvious recently Going higher, the profitability of butadiene production is very promising.
Butadiene: 1,3-Butadiene, referred to as butadiene, is an organic compound of molecular formula C4H6, an important chemical raw material that can be used to make synthetic rubber (styrene-butadiene rubber, butadiene rubber, nitrile rubber, chlorine Butadiene rubber).
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