The latest chemical trading industry insights from Japan, Asia and the world, reported by the President of Daishin Corporation, Masa Oguchi.
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President, Daishin Corporation
Born in Nara Prefecture, Japan, in 1973. Currently lives in Osaka.
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Butadiene Price Decreased
According to the Nikkei Newspaper on August 28th, “the prices of butadiene decreased in East Asia, from USD1,650 per ton in early August to USD1,430.”
Butadiene is a petrochemical product made of naphtha and mainly used as a raw material for synthetic rubber.
One of the reasons for the price decrease may be the recent downfall in crude oil price, and another reason may be the continuous downward trend of natural rubber, which is a competing product of synthetic rubber, due to decreased demand.
Butadiene Price Decreased
According to the Nikkei Newspaper on August 28th, “the prices of butadiene decreased in East Asia, from USD1,650 per ton in early August to USD1,430.”
Butadiene is a petrochemical product made of naphtha and mainly used as a raw material for synthetic rubber.
One of the reasons for the price decrease may be the recent downfall in crude oil price, and another reason may be the continuous downward trend of natural rubber, which is a competing product of synthetic rubber, due to decreased demand.
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