SunSirs: The Domestic BDO Market Was Running Weakly on August 23nd

https://www.chemnet.com   Aug 26,2024 SunSirs

Market dynamics:

On August 23rd, the BDO market in East China experienced a weak decline. The support from the supply and demand side was weak, the supply side was panicking about shipment mentality, the sales policy was chaotic, the actual orders were on the low side for negotiation, and the market was moving downwards. The BDO market in southern China was operating weakly. Downstream demand was average, while supplier inventory was under pressure, exacerbating the supply-demand imbalance. The supplier's shipping mentality was dominant, and the market was weak.

Price dynamics:

On August 23rd, the mainstream negotiation price for spot bulk BDO in East China was 7,800-8,000 RMB/ton, and the low-end price was lowered by 200 RMB/ton; The negotiated price for BDO in barrels was 9,200-9,400 RMB/ton (delivery), with a reduction of 100 RMB/ton. The mainstream negotiated price for spot bulk BDO in South China was 8,000-8,000 RMB/ton, with a high-end price reduction of 200 RMB/ton; The negotiated price for BDO in barrels was 9,300-9,500 RMB/ton (delivery), with a reduction of 100 RMB/ton.

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