SunSirs: The Domestic BDO Market Was Operating on a wait-and-see basis on November 7th
November 11 2024 15:37:43 SunSirs (John)
Market dynamics:
The BDO market in southern China was operating on a wait-and-see basis. The market supply of goods had slightly increased, but the pressure on supplier inventory was mainly due to a pro market mentality. Downstream demand was closely monitored and accompanied by bargaining, with both supply and demand sides engaged in a game, resulting in a stable market situation. The BDO market in East China is operating at a standstill. The maintenance equipment has been restarted, and transportation in Xinjiang had improved, but supply side support had weakened. Downstream followed up and negotiated as needed, and the overall market was stable.
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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