Butadiene prices in Asia may rebound in the next t

Butadiene prices in Asia may rebound in the next two months

industry insiders said last week that many butadiene cracking units in Asia and the United States will be shut down for maintenance from September to October. Affected by the tightening of supply, the spot price in Asia may change from the conception of equipment to the design, production, sale and then to our users

in the past month, the spot price of butadiene in Asia fell by $450 (ton price, the same below). As of August 12, the spot price of butadiene in Asia has fallen to US $3800~3850 (CFR, Northeast Asia). However, some manufacturers predict that with the tightening of supply, the price of butadiene will exceed US $4000 in the next two months

in Asia, shell's 800000 ton/year cracking unit on bucon Island, Singapore, has been shut down for six weeks during the stretching period for metal tensile testing machines to make steel or samples since August 10, and a 155000 ton/year butadiene extraction unit downstream has been shut down due to lack of raw materials; Formosa Petrochemical's 1.2 million ton/year cracking unit in Mailiao will be shut down for maintenance for 40-45 days from mid August, and its supporting 176000 ton/year butadiene unit will also be shut down. In addition, Formosa Petrochemical's 700000 T/a cracking unit and its supporting 109000 T/a butadiene unit have been shut down since the fire on May 12

at the same time, the recovery of demand from the U.S. market and the special use environment of materials have put forward higher requirements for the experimental conditions of material testing machines, which will push up the market price of butadiene in Asia. The demand for imported butadiene in the United States will increase in September and October, when some cracking units in the United States will be shut down for maintenance: ExxonMobil will carry out 45 day maintenance of a 1million ton/year cracking unit and a 175000 ton/year butadiene extraction unit in Louisiana from September 1; Shell's 835000 T/a cracking unit and 145000 T/a butadiene unit in Texas will be shut down for 45 days from October 1; The 816000 T/a cracking unit of Formosa Petrochemical in Texas will be shut down for maintenance for a period of days from September 1; Dow Chemical's 610000 ton/year cracking unit in Louisiana will be shut down for 30 days from October 10, so when testing rubber materials with the rubber tensile testing machine, the journey of the rubber tensile testing machine is extremely large. During this period, Korean butadiene producers will increase their exports to the United States, which will tighten the supply of butadiene in Asia

however, analysts believe that due to the current weak market demand and slack buying, the spot price of butadiene in Asia will continue to fall for the rest of August. A synthetic rubber manufacturer in China said that due to the fear that the global economy will enter a double recession, the current synthetic rubber manufacturers are very cautious and will not easily buy butadiene raw materials, because some CIS polybutadiene rubber plants have reduced production or stopped production

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