SunSirs: The Device Restarted, the Positives Weakened, and the BDO Market Fell after Reaching a High Level
August 20 2021 15:00:07 SunSirs (John)
Price trend
With the restart of the device, the market's favorable support weakened. According to the sample data monitored by SunSirs, from August 12 to August 19, the domestic BDO market price dropped from 29,000 RMB/ton to 28,125 RMB/ton. The price dropped 3.02% during the week, and the price rose 41.33% month-on-month and 232.45% year-on-year. In terms of market prices, the mainstream negotiation of spot bulk water BDO in East China was around 29,200-29,800 RMB/ton, and the mainstream negotiation of spot bulk water BDO in South China was 29,500-30,000 RMB/ton.
Analysis review
On the supply side, the overhaul equipment restarted to increase the volume, and the supply side's favorable support weakened; the transmission of high-cost pressures to the terminal was blocked, the downstream entered the market to wait and see, and purchased cautiously, and the spot negotiation atmosphere was weak.
In terms of equipment, Xinjiang Xinye shut down for maintenance on July 25, and is expected to restart on August 18-20; Chongqing Jianfeng will replace the catalyst on August 25; Yanchang Petroleum has a maintenance plan in September, which is expected to be 2 months; Great Wall Energy, Cathay Pacific, Black Cat and Yizheng Dalian have maintenance plans in September.
Market outlook
Looking at the market outlook, overhaul devices have been restarted one after another. At present, the overall downstream demand is weak, with contract trading dominated, and spot purchase enthusiasm is not high. SunSirs’ BDO analysts predict that the domestic BDO market will enter the stage of consolidation.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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- 2024-02-20 SunSirs: On February 19th, the Domestic BDO Market Was Light and Weak
- 2024-01-25 SunSirs: On January 24th, the Domestic BDO Market Saw a Narrow Decline
- 2024-01-19 SunSirs: On January 18th, the Domestic BDO Market Had Average Trading Volume
