SunSirs: The Domestic BDO Market Experienced Strong Fluctuations on October 23rd

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

Market dynamics:

The BDO market in East China was experiencing strong fluctuations. The new moon policy was still unclear, and businesses continued to wait and see. The market was experiencing a shortage of goods, with high on-site quotes and downstream demand following suit. The market was trending upwards, but spot trading volume was limited. The BDO market in southern China was experiencing strong fluctuations. The sales policy was unclear, the contract with the industry was being followed up, and spot negotiations were slow. The trade market was reluctant to sell, with high quotes and strong market volatility, but trading volume was limited.

Price dynamics:

The mainstream negotiated price for spot bulk BDO in the South China region was 7,800-8,000 RMB/ton, with a price increase of 200 RMB/ton; The negotiated price for BDO in barrels was 8,900-9,100 RMB/ton (delivered), with an increase of 200 RMB/ton. The mainstream negotiated price for spot bulk BDO in East China was 8,000-8,200 RMB/ton, and the price had been raised by 200/100 RMB/ton; The negotiated price for BDO in barrels was 9,100-9,300 RMB/ton (delivered), with an increase of 200 RMB/ton.

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