Market dynamics:
On January 16th, the BDO market in East China was volatile to be weaker. Downstream industries were experiencing a decline in production, which led to the maintenance of essential procurement of raw materials. The market supply was relatively sufficient, and the mentality of operators was bearish, with a weak focus on actual orders. The BDO market in southern China was operating weakly. The supply was relatively sufficient, downstream demand was weak, and the pressure of supply and demand was increasing. Industry players had a bearish attitude towards procurement and sales, and negotiate market discounts based on actual orders.
Price dynamics:
On January 16th, the mainstream negotiated price for spot bulk BDO in East China was 8,200-8,300 RMB/ton, while the negotiated price for barrel BDO was 9,200-9,300 RMB/ton (delivered). The high-end price was lowered by 100 RMB/ton. The mainstream negotiated price for spot bulk BDO in South China was 8,400-8,500 RMB/ton, while the negotiated price for barrel BDO was 9,400-9,500 RMB/ton (delivered). The high-end price has been lowered by 100 RMB/ton.
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