Price trend

The overall market construction remained at a low level, and there were news released that some devices would be repaired in May, and supply side support was strong. According to the Commodity Market Analysis System of SunSirs, the BDO market continued to rise. From April 17th to 21st, the domestic BDO price increased from 10,780 RMB/ton to 11,040 RMB/ton, with a price increase of 2.41% during the cycle, a month on month decrease of 8.51%, and a year-on-year decrease of 56.19%.

Analysis review

On the cost side, raw material calcium carbide: With the increase of discontinued calcium carbide furnaces at the end of the month, the overall market still showed volatility at a low level. In terms of methanol, cost support was limited, supply tended to increase, demand increment was relatively limited, and the methanol market was mainly operating in a weak state. BDO's cost side was bearish.

On the supply side, Henan Kaixiang, Henan Hemei, Wuheng Chemical Phase I and Meike Phase III are in a state of shutdown maintenance. At the same time, Xinjiang Tianye, Xinjiang Xinye, Dongjing Phase II, Shaanxi Black Cat and other devices released maintenance May news. The positive factors on the supply side of BDO were relatively strong.

On the demand side, the operating rate of the PTMEG spandex industry chain decreased, resulting in a decrease in raw material consumption. The load of the PBT industry decreased to below 40%, and there was an expectation of restarting the maintenance equipment in the early stage; The operating load of PU slurry and TPU industry in the polyurethane field was 50%. The PBAT industry had a low load. In the short term, the demand side for BDO remains relatively bearish.

Market outlook

Device restart, parking maintenance, or load reduction operation were all present, resulting in a decrease in overall market supply. However, considering the follow-up of terminal demand was average, BDO analysts from SunSirs predict that the domestic BDO market may fluctuate and consolidate.