Market dynamics:

The BDO market in southern China was operating weakly. As of August 22nd, downstream demand was average, while supplier inventory was under pressure, and the supply-demand contradiction was intensifying. The supplier's shipping mentality was dominant, and the market was weak downstream.

The BDO market in East China explored downward weakly. As of August 22nd, the support on the supply and demand side was weak, the supply side was panicking about shipment mentality, the sales policy was chaotic, the actual orders were on the low side for negotiation, and the market was moving downwards.

Price dynamics:

The mainstream negotiated price for spot bulk BDO in South China was 8,000-8300 RMB/ton, with a high-end price reduction of 200 RMB/ton; The negotiated price for BDO in barrels was 9,300-9,500 RMB/ton (delivered), with a reduction of 100 RMB/ton. The mainstream negotiated price for spot bulk BDO in East China was 7,800-8,000 RMB/ton, with a low-end price reduction of 200 RMB/ton; The negotiated price for BDO in barrels was 9,200-9,400 RMB/ton (delivered), with a reduction of 100 RMB/ton.

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