Market dynamics:

The BDO market in South China was operating to be stronger. The tight supply of goods continued, with the main focus on supporting the market from suppliers. But the sales policy was not yet clear, and businesses were entering the market to observe. Follow up on downstream contracts was the main focus. The BDO market in East China was operating to be stronger. At the beginning of the new cycle, industry players tended to be cautious and adopted a wait-and-see attitude. The tight supply of goods in the market continued, and downstream followed up mainly on demand.

Price dynamics:

The mainstream negotiated price for spot bulk BDO in the South China region was 7,800-7,800 RMB/ton, with a price increase of 100 RMB/ton for low-end BDO; The negotiated price for BDO in barrels was 8,900-9,100 RMB/ton (delivered), with an increase of 100 RMB/ton. The mainstream negotiated price for spot bulk BDO in East China was 7,600-7,600 RMB/ton, and the price for low-end BDO had been raised by 100 RMB/ton; The negotiated price for BDO in barrels was 8,700-8,900 RMB/ton (delivered), with an increase of 100 RMB/ton.

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