Market dynamics:

On July 8th, the BDO market in the South China region saw a narrow consolidation. Supply side support weakened, downstream demand follow-up was average, and there was mainly wait-and-see sentiment within the market. But the supply side was restricting the trading space in the market, and the market was deadlocked. The BDO market in East China was consolidating and operating. Industry players were mostly holding steady and observing, with contract orders trading and little news of spot negotiations. The overall market outlook was weak and stable.

Price dynamics:

On July 8th, the mainstream negotiated price for spot bulk BDO in East China was 8,550-8,650 RMB/ton, and the negotiated price for barrel BDO was 9,550-9,650 RMB/ton (accepted and delivered). The mainstream negotiated price for spot bulk BDO in South China was 8,750-8,850 RMB/ton, and the negotiated price for barrel BDO was 9,750-9,850 RMB/ton (accepted and delivered).

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