中文
Recently, the excess supply of butadiene from Europe and the United States is expected to drag down the Asian butadiene market in the short term. Since the beginning of the year, about 150000 tons of butadiene goods from Europe and the United States have been shipped to Asia, most of which arrived in the Asian market in the second quarter, and more butadiene goods are expected to arrive in July and August.
“In addition to overseas goods from Europe and the United States, there is also regional supply of butadiene for July delivery from Southeast Asia and Japan, so buyers are still waiting to see,” said one trader But as demand in the US and Europe begins to pick up, the arbitrage window between the US and Europe and Asia is likely to close soon.
The novel coronavirus pneumonia outbreak was caused by butadiene in Europe and Asia. The outbreak hit the global auto industry, disrupted supply and weakened demand. Butadiene is the raw material of synthetic rubber, which includes styrene butadiene rubber and polybutadiene rubber. It is mainly used as the raw material of tire production in automobile industry.
Shortage of butadiene supply in Asian market due to planned and unscheduled outage also prompted suppliers and traders in Europe and the United States to export surplus butadiene from stock to Asian market.
On May 29, the average spot price of butadiene in Asia was US $365 / T (CFR, Northeast Asia), while on June 5, the price of naphtha in Asia was US $345 / T (CFR, Japan), according to acenci. “There is no profit in butadiene production now,” said one butadiene supplier. With the price of naphtha almost equal to that of butadiene, it is unlikely that the price of butadiene will remain below US $400 / ton. “