SunSirs: On September 19th, the Domestic BDO Market Operated Weakly

Market dynamics:                     

On September 19th, the BDO market in East China saw a narrow consolidation. As the settlement cycle approaches, the main sentiment among on-site operators was wait-and-see, maintaining contract order procurement, with little news of spot negotiations, and the market was operating in a wait-and-see manner, waiting for the sales policy to become clear in October. The BDO market in southern China was operating weakly. The industry load had dropped to below 60%, and there was some support from the supply side. The suppliers were keeping their prices and negotiating sales policies for October. Downstream urgent small orders were being followed up, and the market focus was weak and stable.

Price dynamics:

On September 19th, the mainstream negotiated price for spot bulk BDO in South China was 7,300-7,500 RMB/ton, and the negotiated price for barrel BDO was 8,600-8,800 RMB/ton (delivered). The mainstream negotiated price for spot bulk BDO in East China was 7,100-7,300 RMB/ton, and the negotiated price for barrel BDO was 8,300-8,500 RMB/ton (delivered).

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