China surplus stocks to aggravate pressure on Asia butadiene market – ICIS

ERJ staff report (BC)

Singapore – Asia’s spot butadiene (BD) prices may face strong downward pressure this month, with Chinese producers saddled with surplus stocks competing for buyers in the regional market, Helen Yan of ICIS reports industry sources as saying.

On 31 May, BD was assessed at $1,410-1,440/tonne (€1,072-1,094/tonne) CFR (cost and freight) northeast (NE) Asia, down by $40-60/tonne from the previous week, according to ICIS data.

“Chinese BD producers including Sinopec may have several thousand tonnes to export in June as the domestic market is oversupplied…

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