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SunSirs: The Market Atmosphere of BDO Is Strong
November 05 2019 11:38:08SunSirs(John)

Price trend

The domestic BDO market atmosphere is strong. According to the sample data monitored by SunSirs, as of November 4, the average price of the domestic BDO market was 9520 RMB/ton, which was stable on a month on month basis, down 11.03% year on year.


Analysis review

Product: The BDO market in China is strong, the number of maintenance factories is increasing, the overall starting load of the factory is reduced, the supply of Merck is tight, the supplier is in a market-oriented mindset, and they are reluctant to sell at a low price. The middlemen are active in making offers, but they are not willing to offer at a low price. The downstream just need to follow up, and the small single negotiation in the market continues to hold up.

In terms of market, the BDO market in North China has been sorted out at a high level, some of the factories have been overhauled, which is favorable, and the factories are willing to support the market. The traders actively follow up. The main factories in the downstream have a strong wait-and-see atmosphere, and the small single negotiation in the field has a good continuity. The BDO market in East China continues to be at a high level. Some factories have recently put in parking and maintenance plans. The on-site spot supply is still tight. The supplier's intention to support the market continues. The offer is high. The downstream just needs to follow up. The bargaining power is not strong, and the on-site trading center is high. The BDO market in South China is relatively strong, the supplier's mentality is stable, the intention to keep the price is high, the downstream just needs to enter the market, the small order's replenishment enthusiasm is good, and the market's small order's transaction atmosphere is fair.

Industry chain: In terms of raw materials, this week, northwest methanol enterprises such as Inner Mongolia introduced selling prices or firmed prices. In the commissioning of some new methanol plants in Rongxin, traders temporarily wait and see. The resurgence of moderate to severe pollution weather in Shandong and other places has an impact on plate and other enterprises, directly affecting the consumption of methanol. Market trend is not determined, continue to operate at low level. To sum up, China's methanol market or weak decline in the short term.

Calcium carbide: the market price of calcium carbide in Ningxia has been lowered and sorted out. The main factory price of the first-class calcium carbide is about 2650-2750 RMB/ton. The overall operating rate of the enterprise is acceptable, and the downstream reception level is acceptable. It is expected that the calcium carbide market in Ningxia will not fluctuate much in the later stage.


Market outlook

On the positive side, the manufacturers have strong intention to support the market, and the number of factory maintenance has increased. On the negative side, downstream demand continued to be weak. BDO analysts predict that the short-term domestic BDO market is relatively strong.


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