SunSirs: On October 24th, the Domestic BDO Market Continued to Decline

Market dynamics: The BDO market in East China continues to decline. In the new trading cycle, downstream demand is average and prices are severely undervalued. Holders are under pressure to ship their goods, and negotiations are underway to negotiate actual orders and discounts. The focus of trading continues to decline, and prices below the low end have been heard. Exploring the Weak BDO Market in South China. In the new trading cycle, there is a strong bearish sentiment among cautious traders. Downstream entry into the market suppresses prices, and some suppliers have a strong mentality towards shipping. They negotiate on a lower level of the market for actual orders, resulting in a downward trend in the market.

Price dynamics: mainstream negotiations for spot bulk water in East China range from 9800 to 10200 RMB/ton, with a reduction of 300 to 100 RMB/ton; Barrel negotiation: 11200-11600 RMB/ton (accepted and delivered), with a reduction of 200 RMB/ton. The mainstream negotiation for spot bulk water in South China is 10000-10200 RMB/ton, and the barrel negotiation is 11400-11800 RMB/ton (accepted and delivered), with a reduction of 200 RMB/ton.

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