SunSirs: There Was Limit Volatility in the Domestic BDO Market on December 24th

Market dynamics:

The BDO market in East China was operating on a wait-and-see basis. At the beginning of the new cycle, the market news was light, and industry players continued to hold steady and wait. Downstream urgent needed to be followed up, supply and demand negotiations were in a tug of war, and the market center was deadlocked waiting for more guidance. The BDO market in southern China was operating on a wait-and-see basis. At the beginning of the new cycle, there was a lack of market guidance information, and industry players were mainly observing and waiting. Follow up on downstream contract orders, few discussions on spot goods, and limited market volatility.

Price dynamics:

On December 24th, 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, while the negotiated price for barrel BDO was 9,200-9,400 RMB/ton (delivered).

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