SunSirs: The Domestic BDO Market Was on the Sidelines on December 2nd
December 03 2024 15:17:54 SunSirs (John)
Market dynamics:
The BDO market in East China was operating on a wait-and-see basis. Follow up on downstream contracts and exercise caution in spot purchases. The trading market was operating cautiously, and the market was temporarily deadlocked and awaiting guidance. BDO market in southern China was narrowly consolidated. Supply side support weakened, downstream procurement was mainly by contract, and spot follow-up was light. Holders were cautious in their operations and had heard of low prices. The overall market was temporarily stable.
Price dynamics:
The mainstream negotiated price for spot bulk BDO in South China was 8,500-8,700 RMB/ton, and the negotiated price for barrel BDO was 9,400-9,600 RMB/ton (delivered). The mainstream negotiated price for spot bulk BDO in East China was 8,300-8,500 RMB/ton, and the negotiated price for barrel BDO was 9,200-9,400 RMB/ton (delivered)..
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