SunSirs: The Domestic BDO Market Experienced Narrow Fluctuations on November 27th

Market dynamics:

The BDO market in southern China fluctuated within a certain range. The industry has seen an increase in production, but supply side support has weakened. Downstream followed up on demand, spot trading was light. Holders were cautious and bearish in their trading, and the market center fluctuated within a certain range. The BDO market in East China experienced narrow fluctuations. The supply side support has weakened, and downstream demand was generally following suit. The lack of confidence in the operation of the cargo holders led to negotiations on actual orders and discounts, resulting in narrow fluctuations in the market.

Price dynamics:

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). 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).

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