SunSirs: The Focus of the Domestic BDO Market Continued to Decline on August 19th

https://www.chemnet.com   Aug 20,2024 SunSirs

Market dynamics:

On August 19th, the BDO market in southern China continued to decline. The market fundamentals were weak, the main players had a bearish attitude towards purchasing and sales, sales policies were rumored to be chaotic, and the market center continued to decline. The decline in BDO market in East China continues. As of August 19th, there was significant pressure on the supply and demand side, with the main focus on panic selling among holding manufacturers. Market prices were rumored to be chaotic and low, and the trading center continued to decline.

Price dynamics:

On August 19th, the mainstream negotiated price for bulk spot BDO in South China was 8,200-8,400 RMB/ton, with a low-end price reduction of 100 RMB/ton; The negotiated price for BDO in barrels was 9,500-9,700 RMB/ton (delivered). The mainstream negotiated price for bulk spot BDO in East China was 8,200-8,400 RMB/ton, with a high-end price reduction of 100 RMB/ton; Barrel negotiation: 9,400-9,600 RMB/ton (delivered).

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