Market dynamics:

On March 18th, the butanediol market in East China experienced a downward trend. Partial maintenance of butanediol and PTMEG devices has resulted in a reduction in supply and demand. The transmission of industrial chain costs was not smooth, and there was resistance to high prices. Recently, there has been an increase in new production capacity, and businesses were negotiating to offer discounts based on actual orders. The butanediol Market in South China experienced a weak downward trend. Approaching the settlement cycle, both supply and demand have decreased, and there was a wait-and-see sentiment in the market. The demand side followed up on urgent orders and negotiated prices, while the holding merchants had a mentality of offering discounts and shipping, resulting in a narrow downward trend in the market.

Price dynamics:

On March 18th, the mainstream negotiated price for spot bulk butanediol in East China was around 8,000 RMB/ton, while the negotiated price for barrel butanediol was around 9,000 RMB/ton (accepted and delivered), and the high-end price was lowered by 100 RMB/ton. The mainstream negotiated price for spot bulk butanediol in the South China region was around 8,200RMB/ton, while the negotiated price for barrel butanediol was around 9,200 RMB/ton (accepted and delivered), with a high-end price reduction of 100 RMB/ton.

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