Market dynamics:

The BDO market in South China was operating steadily. The market news remained light, with supply side expectations for incremental growth, and major players cautiously bearish on the future market. However, the main focus was on price protection by the supplier, followed by downstream demand, and a supply-demand game, resulting in limited overall market volatility. The BDO market in East China was operating steadily. Except for the load reduction of Dongyuan equipment, there was currently no other news released in the market, and supply side support was generally average. Terminal downstream entered the market for observation, with contract procurement as the main focus. The mainstream market quotation was weak and stable, and the actual price was slightly lower in negotiations.

Price dynamics:

The mainstream negotiation for spot bulk BDO in South China was 9,500-9,600 RMB/ton, with a high-end price reduction of 100 RMB/ton; Barreled negotiation: 11,000-11,400 RMB/ton. The mainstream negotiation for spot BDO in East China was 9,400-9,500 RMB/ton, with a high-end price reduction of 100 RMB/ton; Barreled negotiation: 10,800-11,200 RMB/ton.

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