Market dynamics:
The BDO market in southern China has fluctuated and declined. Recently, the supply of goods has increased, and downstream contracts have followed suit. Spot purchases were cautious and negotiated. The trading market had a bearish attitude, and negotiations were underway to offer discounts on actual orders. The BDO market in East China has fluctuated and declined. Recently, the industry's capacity utilization rate has increased, but downstream contracts have followed up and there have been few discussions on spot goods. The pressure of supply and demand has increased, and the market center of gravity has declined.
Price dynamics:
The mainstream negotiated price for spot bulk BDO in South China was 8,600-8,700 RMB/ton, while the negotiated price for barrel BDO was 9,500-9,600 RMB/ton (delivered). The high-end price has been lowered by 100 RMB/ton. The mainstream negotiated price for spot bulk BDO in East China was 8,400-8,500 RMB/ton, while the negotiated price for barrel BDO was 9,300-9,400 RMB/ton (delivered). The high-end price has been lowered by 100 RMB/ton.
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