Market dynamics:
On January 13th, the BDO market in East China was volatile to be weaker. The market news was light, the supply side support was weak, downstream industries were experiencing a decline in production, and follow-up was rigid and negotiated. The supply-demand negotiation game was causing the market to weaken. The BDO market in southern China was operating on a wait-and-see basis. The market news was light, and industry players were entering the market to observe. Downstream demand has weakened, suppliers have shown a willingness to maintain prices, the supply-demand game continued, and the market center was weakening.
Price dynamics:
On January 13th, the mainstream negotiation price for spot bulk BDO in East China was 8,200-8,400 RMB/ton, with a low-end price reduction of 100 RMB/ton; The negotiated price for BDO in barrels was 9,200-9,300 RMB/ton (delivered). The mainstream negotiated price for spot bulk BDO in South China was 8,400-8,600 RMB/ton, with a low-end price reduction of 100 RMB/ton; The negotiated price for BDO in barrels was 9,400-9,600 RMB/ton (delivered).
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