Market dynamics:

On July 9th, the BDO market in East China fluctuated within a certain range. The market news was light, and industry players were entering the market to wait and see. The downstream demand had decreased and the purchasing intention was not strong, but the supply side was mainly supportive of the market. The negotiation game continued, and the market focus remained stable. The BDO market in southern China was operating on a wait-and-see basis. The increase in supply of goods and the reduction in downstream demand had intensified the wait-and-see sentiment in the market. The supply-demand negotiation game made it difficult for the market center to fluctuate.

Price dynamics:

On July 9th, 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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