SunSirs: On July 23rd, the Center of the Domestic BDO Market Fell

https://www.chemnet.com   Jul 24,2024 SunSirs

Market dynamics:

The BDO market was weakly explored downward in East China. The supply side support weakened, while the overall downstream production had declined, resulting in significant supply and demand pressure. The enthusiasm of the manufacturers holding the goods was not high, and negotiations for actual orders and discounts had led to a decline in market focus. The BDO market in southern China had shifted downwards. In the new trading cycle, the pressure of supply and demand had increased, and the confidence of holders in the future market was insufficient. They had a mentality of offering discounts for shipment, resulting in a weak downward trend in the market.

Price dynamics:

The mainstream negotiated price for spot bulk BDO in South China was 8,900-9,100 RMB/ton, while the price for high-end BDO had been lowered by 100 RMB/ton; The negotiated price for BDO in barrels was 10,100-10,300 RMB/ton (delivery), with a reduction of 200 RMB/ton. The mainstream negotiated price for spot bulk BDO in East China was 8,900-9,000 RMB/ton, while the price for high-end BDO had been lowered by 100 RMB/ton; The negotiated price for BDO in barrels was 10,000-10,200 RMB/ton (delivery), with a reduction of 200 RMB/ton.

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