In the context of crude oil price shocks, and most of the recent decline in petrochemical products, the Sinopec South China Sales Company raised the butadiene factory quotation on the 20th. It is reported that since the beginning of this year, the ex-factory prices of major butadiene manufacturers have risen by more than 60%. Industry insiders believe that in the coming years, butadiene will be in a high boom phase. On the 20th, Sinopec Huanan Sales Company raised the factory price of Maoming Petrochemical and Guangzhou Petrochemical Butadiene by 1,500 yuan/ton, up 6% from the previous day to reach 26,500 yuan/ton. At the beginning of this year, Maoming Petrochemical's butadiene ex-factory price was only 16,200 yuan / ton, which means that the company's butadiene quote has risen by 63.58%. On the same day, the price of ethylene butadiene in Panjin was raised by RMB 1,000/ton to reach RMB 28,000/ton, which is RMB 85,000/ton from the RMB 15,280 at the beginning of the year. Although the major manufacturers raised their ex-factory prices, due to their low inventory, manufacturers reluctantly sold their products. Among them, Sinopec’s Maoming Petrochemical and Guangzhou Petrochemical’s products are mainly supplied by each other, with a small amount exported. Take the Zibo butadiene market in Shandong as an example. Due to the tight supply, traders have taken a wait-and-see attitude and the market price has risen to more than 30,000 yuan/ton. Industry insiders believe that the strong performance of the current butadiene market is mainly driven by demand. In the coming period, this factor will also support butadiene prices for a long time. As a major consumer of butadiene, synthetic rubber has been booming in both production and sales in recent years. In the first three months of this year, Sinopec’s synthetic rubber production increased by more than 7% over the same period of last year, and the production of styrene-butadiene rubber increased by more than 17% compared with the same period of last year. In the face of rapidly increasing synthetic rubber production capacity, sales of butadiene have been fully digested. As for the long-term trend of butadiene prices, Ye Qiang, head of the Synthetic Rubber Division of Sinopec, believes that as the supply of natural rubber will continue to be tense in recent years, it will be difficult to fall back to a level below 30,000/tonne. The continuing high price will increase the market demand for synthetic rubber. At the same time, in recent years, the consumption structure of butadiene in China has undergone great changes. Almost all synthetic rubber has been used in the past and has been continuously expanded to include synthetic resins, thermoplastic elastomers, styrene-butadiene latex and other organic chemical products. The consumption of ABS resin, SBS thermoplastic elastomer and styrene butadiene latex, butyl rubber and other products will continue to increase. Orient Securities analyst Wang Jing believes that in the next few years, butadiene will be in a high boom stage, and the price is expected to rise further. Storage Tank Container,Water Storage Tank,Plastic Water Storage Tanks,Water Transport Tank Jiangyin Jirui Machinery Manufacturing Co,LTD , https://www.jiruimachine.com