Asian butadiene prices may have bottomed out

According to reports, market participants recently stated that Asian butadiene prices may have bottomed because the downstream SBR market has started to rebound after a three-month downturn. There are price reports that this week in Asia 8 Monthly delivery of non-oil-grade 1502SBR spot price ratio.
The transaction price for the month rose by US$100/ton to US$2,000 to US$2050/ton.
An SBR manufacturer said: "The recovery of the SBR market has prevented the decline in raw material butadiene prices." As of August 6th Asian spot price of butadiene fell by US$100/ton to US$1600 to US$1620/ Tons of CFR Northeast Asia.
An SBR producer in China said: “The butadiene price is very likely to have bottomed out. With the rebound of SBR prices, the butadiene price will also steadily rise to about US$1,650/ton.” Market participants said that for SBR producers In order to be profitable, the price difference between butadiene and SBR must be kept at about $400/tonne.