Market dynamics: The BDO market range in South China moved downward. The supply increase was obvious, while the downstream demand was weak, and the contradiction between supply and demand was apparent, which was bearish for the market mentality. Small orders were traded for rigid demand, and the market was down. The BDO market in East China was running downward. The support on the supply side weakened, the downstream demand was weak, and the pressure of supply and demand increased. The holders lacked confidence in trading, and the actual orders were negotiated with a small profit, and the market center of gravity moved downward.
Price dynamics: The mainstream negotiation for spot bulk water in South China was 8650-8750 RMB/ton, and the barreled water was negotiated at 9650-9750 RMB/ton (acceptance delivery), a decrease of 50 RMB/ton. The mainstream negotiation for spot bulk water in East China was 8450-8550 RMB/ton, and the barreled water was negotiated at 9450-9550 RMB/ton (acceptance delivery), a decrease of 50 RMB/ton.
Some companies announced new settlement prices and listing prices:
|
Enterprise |
June settlement (water delivered in bulk) |
Listed in July (water delivered in bulk) |
|
Xinjiang Lanshan Tunhe Chemical Co., Ltd. |
East China 8610 RMB/ton; South China 8810 RMB/ton |
East China 8600 RMB/ton; South China 8800 RMB/ton |
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