Equipment maintenance supply shortage, butadiene hot market continues

wallpapers Industry 2020-12-09

entered June, and the domestic butadiene market showed an extremely rapid growth. Compared with the end of last month, the butadiene market in East China increased by 1500 yuan (ton price, the same below), up by 17.65%, setting a new high price in the year. It was the first time since the end of October 2014 that butadiene returned to the 10000 yuan mark. At present, there is not much stock in the industry, and the sentiment of reluctant to sell is still high. Under the favorable effect of shortage of supply caused by equipment maintenance at home and abroad, the tight supply pattern of butadiene is difficult to change greatly, and the supplier's price rises again, and the hot market is expected to continue in the short term. The maintenance of

and

is beneficial to the leading market.

and

entered June. In order to ensure the normal operation of its downstream nitrile unit, Fushun butadiene was extracted. In addition, the synthetic rubber plant of Jilin Petrochemical Co., Ltd., which is supplied by Fushun Petrochemical Co., Ltd., will be put into operation, and the butadiene market resources are more scarce. Liaotong Chemical Co., Ltd. supplies butadiene to danasol synthetic rubber plant in North Liaoning, and the export volume will also decrease. Moreover, Liaotong butadiene plant is scheduled to be overhauled at the end of June, which will reduce the overall supply of northern market.

butadiene plant entered the maintenance period in the second quarter. Since April, many factories planned to shut down for maintenance, Dushanzi petrochemical unit for 2 months, Yangzi BASF unit for about 1.5 months, Yanshan Petrochemical plant also had maintenance plan, and the capacity of shutdown device accounted for 14.3% of the total domestic capacity. In addition, Beijing Dongfang 30000 tons / year, Shandong Wanda 150000 tons / year, Tianjin Blue Star 30000 tons / year Butadiene plants with a capacity of 150000t / A and qixiangteng up to 150000 T / a are in shutdown period, and the specific restart time is not clear, which has become a weight for the rising butadiene market. At present, this good is still in fermentation, supporting butadiene oscillation upward Director Zhu of PetroChina Northeast sales company said. At the same time,

and

, with the coming of summer, the temperature gradually increased, and the storage conditions of butadiene became worse. In high temperature environment, butadiene is prone to self polymerization reaction. Therefore, most manufacturers have plans to repair or reduce production in order to avoid risks, which aggravates the shortage of butadiene. The internal and external linkage of

and

has risen synchronously. In terms of the external disk of

and

, the Asian butadiene market price has risen sharply by 60-70 US dollars in the recent week due to the influence of plant maintenance in South Korea and Taiwan. Due to the shortage of supply in South Korea, the price of butadiene in South Korea is between 1290 and 1300 US dollars. At present, the price of butadiene in South Korea is on the high side, so Korean manufacturers are not willing to export shipping goods. In Taiwan, due to the impact of Formosa Plastics's plan to shut down the 109000 T / a butadiene plant for 40 days of annual overhaul on June 8, the supply of goods is also tight. The hot market of

,

and

in Asian butadiene market is driven by the strong positive of South Korea and Taiwan of China. The butadiene market in Southeast Asia also experienced a tight supply situation, mainly because Indonesia's Chandra Asli shut down the naphtha cracking unit for maintenance due to failure. The cracking unit supplies 100 kt / a butadiene plant with C4 as raw material. The amount of butadiene imported from South Korea to China has decreased, and the recent arrival of a small number of goods, traders' positions continue to decrease, forming a favorable support for the domestic market Zhu said. The cost transmission of

and

was basically smooth.

and

were supported by favorable supply and the continuous rise of butadiene external market. The important downstream SBR Market of butadiene continued the previous upward trend, and the price went up further. At the end of last week, the petrochemical sales company raised the price of SBR by 200-300 yuan, and the market offer went up accordingly. At present, the styrene butadiene rubber market is still stable with no significant changes in demand and trading. However, the favorable support is sufficient. The industry is optimistic about the future market, and the tone of continued upward market in the short term will not change. Another downstream of

and

-- cis-1,4-polybutadiene rubber market also showed a steady and small rise. Both PetroChina and Sinopec sales companies raised their prices by 200 yuan within a week.

"with Sinopec and some PetroChina sales companies announcing new guidance prices, it is expected that the domestic synthetic rubber market offer will complete the follow-up. For the high price butadiene, the cost transmission is basically smooth, which injects vitality into the continuous increase of butadiene price. " Zhu said.

and

, but as the downstream of the terminal, domestic automobile and heavy truck sales fell in May, indicating that the demand for tires has gradually entered the off-season of consumption, and the orders of tire enterprises are reduced compared with the previous period, which is more inconsistent with high price raw materials. Procurement is also more with the use of mining, transaction volume is difficult to large, become a negative factor in the market.


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