SunSirs: The Domestic BDO Market Was Running to Be Weaker on August 6th

https://www.chemnet.com   Aug 07,2024 SunSirs

Market dynamics:

The BDO market in East China was running weakly. There was still support on the short-term supply side, and the supply side had the intention to maintain prices. Downstream urgent orders were being followed up, and manufacturers had a poor trading mentality, resulting in a weak and stable market outlook. The BDO market in southern China was running weakly. The game between supply and demand continued, with industry players having a bearish attitude towards purchasing and sales, light spot trading, and overall weak market performance.

Price dynamics:

In July, the domestic silicon metal market continued to decline, with a drop of over 8% in July. At the end of July, the market price of silicon metal remains basically at the bottom. Entering August, the market for silicon metal finally stops falling and stabilizes. In the early stage of August, the overall market for silicon metal remains relatively stable, with prices mainly consolidating at the bottom. As of August 6th, the domestic market price for silicon metal 441 is around 11,900-12,450 RMB/ton, and the market price for silicon metal 553 (oxygen supply) in East China is around 11,750-11,850 RMB/ton.

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