Sinopec has lowered butadiene prices in the eastern and southern provinces of China by 1,000 yuan per ton ($157/t) to 26,000 yuan per ton ($4,073/t) in September.
In East China, Sinopec Yangzi Petrochemical, Sinopec Shanghai Petrochemical and Zhenhai Refining & Chemical lowered their ex-works butadiene prices from CNY27,000/mt to CNY26,000/mt on an import parity basis, reports Platts.
Traders have cited poor local demand for the reduced prices, as well as concern regarding burgeoning inventory and returning supply.
