SunSirs: On July 2nd, the Domestic BDO Market Was Operating on a Wait-and-see Basis

https://www.chemnet.com   Jul 03,2024 SunSirs

Market dynamics:

On July 2nd, the BDO market in East China was operating on a wait-and-see basis. Device restart and parking were both present, and there was a lack of clear guidance in the market. Many businesses were entering the market to observe, and the delivery was mainly essential orders. Holders were offering following the market, with a weak and stable market focus. The BDO market in South China was operating weakly and steadily. The supply side support was average, and downstream orders followed up as needed. The negotiation game continued, and the main players had a poor trading mentality, resulting in a weak and stable market focus.

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 barrel BDO 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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