SunSirs: On June 5th, the Domestic BDO Market Showed Weak Performance

https://www.chemnet.com   Jun 06,2024 SunSirs

Market dynamics:

The BDO market in South China was operating weakly. The market news was light, and supply side support had weakened, leading to an increase in cautious bearish sentiment on the market. However, under the mentality of suppliers guarding prices, market trading space was limited and the focus was weak. The BDO market in East China was operating weakly. The maintenance equipment had been restarted one after another, and the supply side support had weakened. Downstream demand follow-up was average, with cautious bearish sentiment among industry players and weak market performance.

Price dynamics:

The mainstream negotiated price for spot bulk BDO in East China was 9,000-9,100 RMB/ton, and the negotiated price for bulk BDO in barrels was 10,200-10,400 RMB/ton (delivery). The mainstream negotiated price for spot bulk BDO in South China was 9,000-9,200 RMB/ton, and the negotiated price for barrel BDO was 10,300-10,500 RMB/ton (delivery).

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