SunSirs: The Domestic BDO Market Was in a Stalemate on November 7th
November 08 2024 13:29:47 SunSirs (John)
Market dynamics:
The BDO market in East China was operating on a wait-and-see basis. The industry's capacity utilization rate had increased, downstream demand followed suit, and the game between supply and demand had intensified. The BDO market in southern China fluctuated within a certain range. Supply side support had weakened to some extent, but there was no significant pressure on the market, and supply side support continued. Downstream industries were facing cost pressures and bargaining for raw materials. The intertwining of long and short factors resulted in a stagnant market focus.
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 8,600-88,00 RMB/ton, and the negotiated price for barrel BDO was 9,500-9,700 RMB/ton (delivered).
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