According to reports, market participants recently stated that Asian butadiene prices may have bottomed because the downstream SBR market has started to rebound after a three-month downturn. There are price reports that this week in Asia 8 Monthly delivery of non-oil-grade 1502SBR spot price ratio.
The transaction price for the month rose by US$100/ton to US$2,000 to US$2050/ton.
An SBR manufacturer said: "The recovery of the SBR market has prevented the decline in raw material butadiene prices." As of August 6th Asian spot price of butadiene fell by US$100/ton to US$1600 to US$1620/ Tons of CFR Northeast Asia.
An SBR producer in China said: “The butadiene price is very likely to have bottomed out. With the rebound of SBR prices, the butadiene price will also steadily rise to about US$1,650/ton.†Market participants said that for SBR producers In order to be profitable, the price difference between butadiene and SBR must be kept at about $400/tonne.
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