Last week, butadiene prices witnessed a sharp rise in Asia. The price gain was supported by stronger regional demand trends and tight product availability.
Bullish global cues further pushed prices higher in Asia.
FOB Korea prices of butadiene were assessed at the USD 1170-1175/mt, a spike of USD (+90/mt) from the previous week. CFR China prices were assessed at the USD 1180-1185/mt levels, a week on week surge of USD (+90/mt).
CFR South East Asia prices were assessed at the USD 1100-1105/mt levels, a steep rise of USD (+80/mt) from the previous week.