Market dynamics:

The BDO market in East China was operating on a wait-and-see basis. Approaching the settlement cycle, the market lacked effective guidance, and there were few reports of contract order trading and spot trading. The negotiations between supply and demand sides were in a tug of war, and the market center was deadlocked. The BDO market in southern China fluctuates within a certain range. The overall shipment pressure of the factory was controllable, and the market support mentality continues. Follow up on downstream contract orders, weak intention to purchase spot goods and negotiation, and prolonged market stalemate.

Price dynamics:

On December 18th, the mainstream negotiated price for spot bulk BDO in South China was 8,500-8,700 RMB/ton, and the negotiated price for barrel BDO was 9,400-9,600 RMB/ton (delivered). The mainstream negotiated price for spot bulk BDO in East China was 8,300-8,500 RMB/ton, and the negotiated price for barrel BDO was 9,200-9,400 RMB/ton (delivered).

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