Market dynamics
On February 20th, the BDO market in the southern region of China remained on the sidelines. Approaching the settlement cycle, a wait-and-see attitude was dominant. The game between supply and demand continued, and the market was stable with low prices reported. The BDO market in East China region was narrowly consolidated. There was support in terms of equipment, and the supplier has a stable market mentality. Downstream followed up on demand, some pre-sale sources were low, and the market is deadlocked.
Price dynamics
On February 20th, the mainstream negotiated price for spot bulk BDO in South China was 8,400-8,500 RMB/ton, and the negotiated price for barrel BDO was 9,400-9,500 RMB/ton (accepted and delivered). The mainstream negotiated price for spot bulk BDO in East China was 8,200-8,300 RMB/ton, and for bulk BDO was 9,200-9,300 RMB/ton (accepted and delivered)
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