Market dynamics:

On March 3rd, the BDO market in East China experienced a downward trend. The overall performance of downstream demand was average, with market negotiation sentiment, trading was mainly contract order, spot negotiations were light, and actual orders leaning towards the mid to low price end. The BDO market in southern China was operating weakly. There was temporarily no significant improvement on the demand side, but cost pressures and the production of new capacity have intensified bearish sentiment. Follow up on on-site contract orders, light spot trading, and weaker market operation.

Price dynamics:

On March 3rd, the mainstream negotiated price for spot bulk BDO in East China was 8,100-8,200 RMB/ton, while the negotiated price for barrel BDO was 9,100-9,200 RMB/ton (accepted and delivered), with a high-end price reduction of 100 RMB/ton. The mainstream negotiated price for spot bulk BDO in South China and East China was 8,100-8,200 RMB/ton, while the negotiated price for bulk BDO was 9,100-9,200 RMB/ton (accepted and delivered), with a high-end price reduction of 100 RMB/ton.

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