Butadiene: Asia

摘要

Butadiene prices declined this week, with several spot cargoes available but buyers reluctant to meet seller's offers. Spot prices were assessed at $3,400/mt FOB Korea Friday, down $180/mt week on week. Early week, participants were on the sidelines as butadiene feedstock prices were deemed high, resulting in poor margins for most synthetic rubber makers. A wide price gap separated bids and offers, with the former at $3,400/mt and the latter at $3,600/mt CFR Korea. On Friday, a deal for a H2 April- loading cargo of 1,500 mt was concluded at $3,500/mt CFR Korea.