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SunSirs: The BDO Market Continues to Rise Due to the Continued Positive Factors

February 10 2021 09:47:44     SunSirs (John)

Price trend

The good news continues, and the domestic BDO market continues its upward trend. According to the sample data monitored by SunSirs, as of February 9, the average price of domestic BDO producers was 17,050 RMB/ton, and the price increased by 29.90% month-on-month and 72.64% year-on-year.

Analysis review

The domestic BDO market continues its upward trend, but real orders are weak. At present, the supply of goods on the market is tight, and manufacturers mainly supply contracts or pre-orders, and the mentality of the market continues to absorb the increase in auction prices. The main downstream PTMEG-spandex industrial chain, GBL-NMP industrial chain, PBAT, etc. have started stable and demand is supported; other downstream enthusiasm for replenishment in the market still exists, but due to shortage of supply, new orders are relatively small.

In terms of equipment, Great Wall Energy takes turns replacing the catalyst. It is heard that Xinye is expected to stop for 5 days on February 15th due to hydrogen supply difficulties.

Market outlook

At present, the strong offer of the factory continues, but with the increase of delisting in the middle and lower reaches of the market, the counter-offer atmosphere has slightly diminished, and a small number of small orders for just-needed negotiations still exist. SunSirs’ BDO analysts predict that the domestic BDO market will mainly fluctuate at a high level in the short term.

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