SunSirs: Supply and Demand Gamed, Domestic BDO Market Was in a Dilemma

Price trend

According to the sample data monitored by SunSirs, from November 25 to December 2, the average price of domestic BDO manufacturers at the beginning of the week remained at 9,880 RMB/ton, and at 9,716 RMB/ton at the weekend. During the cycle, the price fell 1.66%, 33.11% month on month, and 68.91% year on year. In terms of market price, the bulk water BDO spot mainstream negotiated price in South China was 9,100-9,400 RMB/ton, and the barrel BDO spot negotiated price was 10,500-11,500 RMB/ton (acceptance and delivery). The main negotiation price of spot bulk water BDO in East China was 9,000-9,300 RMB/ton, and the negotiation price of barreled BDO was 10,500-11,500 RMB/ton (acceptance and delivery).

Analysis review

The domestic BDO market was narrow and organized. Most traders held a steady wait-and-see attitude. The atmosphere of real order negotiation was light. The supply and demand negotiation was a game. The market focus was stuck. Although some maintenance devices such as Shaanxi Shaanxi Chemical and Chongqing Jianfeng had been restarted and the market supply had increased, there was a demand to purchase BDO from outside after the shutdown of Henan Hemei Plant. The supply and demand parties negotiated and played games, and the market was difficult to rise and fall.

In terms of upstream raw materials, raw material calcium carbide: SunSirs monitored that the domestic calcium carbide price rose slightly, with the price at the beginning of the week at 3,700 RMB/ton, and at the weekend at 3,798 RMB/ton, up 2.65%.

In terms of methanol, SunSirs monitored that the price of domestic methanol in East China ports was weak and lower, which was 2,811 RMB/ton at the beginning of the week and 2,670 RMB/ton as of 10:00 a.m. on December 2, with a 5.04% drop in the price during the cycle. As of 2nd, the domestic methanol market was mainly organized.

In terms of downstream products, the overall performance of downstream demand was general, especially the weak demand for spandex at the main terminal led to the accumulation of inventory, and the market of PTMEG spandex industry chain declined; In some downstream industries, replenishment ended when the market was low, and mainly maintained contracts.

Market outlook

The BDO market started at a high level, with abundant supply; Correspondingly, the downstream PBT industry started to increase, and the demand increased. The market showed a situation of both supply and demand. Business agency BDO analysts predict that the domestic BDO market is mainly organized weakly.

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