In December 22nd, Sinopec Southern China sales company of Maoming petrochemical

In December 22nd, Sinopec Southern China sales company of Maoming petrochemical, Guangzhou Petrochemical butadiene price increase 1100 yuan / ton, 17000 yuan / ton, mutual supply, a small amount of export. Sinopec East China sales company of Yangzi Petrochemical, Shanghai petrochemical, BASF and Zhenhai butadiene price increase 1200 yuan / ton, 17000 yuan / ton, mutual supply, no export. China Petrochemical (Tianjin ethylene) normal operation of 200 thousand tons / year butadiene plant, today for the price increase 1200 yuan / ton, 17000 yuan / ton. For each, a small amount of export. Due to the upstream parking device, Shandong Huayu rubber 100 thousand tons / year butadiene extraction device is forced to drop negative operation, suspend the export.

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The recent butadiene spot market supply shortage, and with the northern manufacturers to suspend exports, further tightening of supply; supply shortage in support, prices continue to rise. Shanghai SECCO planned maintenance plan started in November postponed to 2017 3-4 months; Shandong Huayu device by the upstream device influence short-term parking after low load operation in December 17th. At present because of scarcity of supply led businesses cover Xishou; manufacturers inventory low, price constantly pulled downstream rubber market trend is stronger. The business community data analysts believe that the short-term market will narrow consolidation.

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