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Spot butadiene prices continue to shoot up in Asia

by ChemOrbis Editorial Team -
  • 13/01/2017 (15:16)
Spot butadiene prices in Asia have continued to post sharp increases for more than a month. The Asian butadiene prices are currently reported at around $2900/ton, up $300/ton from a week earlier and $600/ton from early January. The current price also indicates a hefty increase of $1250/ton from early December.

The rise in Asian butadiene prices is attributed to the increasing demand in rubber, in line with the increase in demand for tires in the region.

The jump in prices also stems from the upcoming maintenance shutdowns in Asia. The maintenance work at Thai IRPC’s 56,000 tons/year butadiene plant in February and South Korean YNCC’s 220,000 tons/year butadiene plant in May are forecast to tighten the butadiene supply in the H1 of the year.
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