Chemical News
-
SunSirs: BDO Market Was Operating on a Wait-and-see Basis
https://www.chemnet.com Jun 24,2024 SunSirs
Price trend
According to the Commodity Market Analysis System of SunSirs, the domestic BDO market was operating on a wait-and-see basis. From June 17th to June 21st, the average price of domestic BDO remained at 9,035 RMB/ton, with a month on month increase of 0.08% and a year-on-year decrease of 20.49%. The production of the equipment was stable, and the supply side support was weak, but the supplier's intention to maintain prices continued. Downstream purchased were mainly by orders on demand, and there was a bargaining sentiment under cost pressure. The supply and demand sides were engaged in a game, and the market focus was weak and stagnant.
Analysis review
On the supply side and in terms of equipment: Although the Fujian Haiquan plant had been shut down for maintenance, the Shaanxi Chemical and Hengli plants had restarted, and the industry's capacity utilization rate had increased to 70%. The market supply of goods was relatively abundant, and the supply side support was weak. At the same time, Inner Mongolia Junzheng's new production capacity had been put into operation, and cautious wait-and-see sentiment had increased. The supply side of BDO provided bearish factors for the market.
On the cost side, raw material calcium carbide: supply was gradually recovering, and the calcium carbide market was operating weakly and steadily. Raw material methanol: The methanol market fluctuated significantly. As of 3:00 pm on June 21st, the domestic methanol price at Taicang was 2,500 RMB/ton. The cost side of BDO provided bearish factors for the market.
On the demand side, under the traditional off-season effect of demand, except for the PTMEG spandex industry chain, downstream industries in the terminal sector had slightly lower production, maintaining strict demand for raw materials and suppressing market trends. The impact of BDO demand was mixed.
Market outlook
The production of the equipment was stable, the market supply of goods was abundant, and the supply side support was average. Under the influence of the traditional off-season demand, the downstream of the terminal maintained a strong demand follow-up. BDO analysts from SunSirs predict that the domestic BDO market will operate weakly and steadily.
If you have any questions, please feel free to contact SunSirs with?support@SunSirs.com.
Print | add to Favorites | Close