SunSirs: The Domestic BDO Market Situation Loosened on August 7th

https://www.chemnet.com   Aug 08,2024 SunSirs

Market dynamics:

The BDO market in East China had loosened. The favorable support for supply and demand had weakened, and terminal follow-up was more cautious. The entry of essential needs into the market was accompanied by price pressure, and the confidence of holders in trading was insufficient. They maintained their willingness to ship according to the market, and the focus of negotiations was tilted towards the low-end. The BDO Market Explored downward in South China. The favorable support from the supply side had loosened, and suppliers were negotiating flexibly with a shipping mentality. Downstream demand entering the market was accompanied by price suppressed, and pessimistic sentiment continued in the market. The market focus was shifting towards the low-end.

Price dynamics:

The mainstream negotiated price for spot bulk BDO in East China was 8,700-8,800 RMB/ton, and the negotiated price for barrel BDO was 9,900-10,000 RMB/ton (delivered). The mainstream negotiated price for spot bulk BDO in South China was 8,700-8,900 RMB/ton, and the negotiated price for barrel BDO was 10,000-10,100 RMB/ton (delivered).

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