Market dynamics:
On March 12th, the BDO market in East China remained weak and cautious. The new production capacity has been put into operation, and the wait-and-see sentiment has increased. Downstream followed up on demand with contracts, with few spot negotiations and bargaining, and actual trading was biased towards the mid to low price end.
On March 12th, the BDO market in southern China experienced a downward trend. New production capacity has been put into operation, downstream demand has been weak, and industry players are cautiously bearish. Contract orders were being traded, and sporadic small spot orders were being negotiated at the mid to low price end.
Price dynamics:
The mainstream negotiated price for spot bulk BDO in East China was 8,000-8,100 RMB/ton, while the negotiated price for barrel BDO was 9,000-9,100 RMB/ton (accepted and delivered). The high-end price has been lowered by 100 RMB/ton. The mainstream negotiated price for spot bulk BDO in South China was 8,200-8,300 RMB/ton, while the negotiated price for barrel BDO was 9,200-9,300 RMB/ton (accepted and delivered). The high-end price has been lowered by 100 RMB/ton.
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