OilChem: Butadiene prices surge to decade high amid geopolitical tensions and tight supply

Source: Mysteel Mar 13, 2026 16:05

China butadiene (BD) markets are witnessing a historic rally, with prices soaring to their highest level since March 2017, driven by escalating geopolitical tensions and tightening supply.

The BD price in Shandong reached Yuan 16,000/t on March 10-a staggering 25% single-day increase, according to OilChem. The disruption follows renewed instability in the Middle East, which has heightened supply risks along key shipping routes, including the Strait of Hormuz, directly impacting feedstock availability for global crackers. China BD