China Petroleum and Chemical Corp., or Sinopec, has raised its ex-works butadiene price across China by Yuan 200-300/mt to Yuan 9,000/mt, or $1,209/mt on an import parity basis, traders said Tuesday.
Sinopec last Friday raised its ex-works price in East China by Yuan 100/mt to Yuan 8,800/mt. At that time, the company kept its ex-works prices in North and South China unchanged at Yuan 8,700/mt.
The price increase is due to rising butadiene demand in China amid a firming synthetic rubber market, with trading sources Tuesday saying Asian styrene-butadiene-rubber prices in particular were rising amid tight supply.
Source:
http://news.chemnet.com/Chemical-News/detail-2327601.html
