SunSirs: The Domestic BDO Market Was on the Sidelines on November 6th
November 07 2024 10:12:43 SunSirs (John)
Market dynamics:
The BDO market in East China fluctuated within a certain range. Recently, some devices had restarted and supply side support had weakened. Downstream followed up on demand and negotiated, supply and demand gamed, the market was stalemate. The BDO market in southern China was operating on a wait-and-see basis. As raw material prices rose, downstream followed up on demand and negotiated. The support from the supply side had weakened, but the suppliers were keeping their prices. The supply-demand game continued, and the market fluctuated within a certain range.
Price dynamics:
The mainstream negotiated price for spot bulk BDO in East China was 8,400-8,600 RMB/ton, and the negotiated price for barrel BDO was 9,300-9,500 RMB/ton (delivered). The mainstream negotiated price for spot bulk BDO in South China was 8,600-8,800 RMB/ton, and the negotiated price for barrel BDO was 9,500-9,700 RMB/ton (delivered).
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