October 22, 2024 2:40 PM
In the first week of October, China's Butadiene market exhibited stability after a period of robust trading in prior weeks. This stability was closely linked to the strengthening dynamics of the downstream automotive sector, where September's auto sales rebounded by 4.3%. This rebound significantly influenced Butadiene procurement rates, which are crucial as Butadiene is primarily used in producing synthetic rubber, particularly styrene-Butadiene rubber (SBR) for the tire and automotive industries. Demand remained steady, primarily driven by Butadiene's critical role in synthetic rubber production, especially for high-performance tires that are essential for the automotive sector. The ongoing recovery of this sector, alongside the rise of electric vehicles, has led to increased demand for tires and, consequently, for Butadiene.
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