Singapore — The CFR China butadiene market has posted a small rebound after a near two-month decline, according to Platts data. Sources attributed the slight upturn to South Korean exports to the US, a more balanced domestic market and a cooldown in bullish ethylene. The CFR China butadiene market was assessed by Platts at Wednesday’s 16:30 Asia close at $1,205/ mt, up $15/mt from Tuesday. This is the first time the price has risen since February 7, when it was assessed at $1,490/mt CFR. A recent rise in exports FOB South Korea to the US has helped remove some length from the region, with 20,000-30,000 mt slated to load during March and April for the US market.
展开▼
