Price trend

On September 17, the benchmark price of BDO on SunSirs was 7,542.86 RMB/ton, down 0.38% from the beginning of this month (7,571.43 RMB/ton).

The mainstream negotiated price for bulk BDO in South China was 7,500-7,700 RMB/ton, and the negotiated price for barreled BDO was 8,500-8,700 RMB/ton (acceptance and delivery). The mainstream negotiated price for bulk BDO in East China was 7,300-7,500 RMB/ton, and the negotiated price for barreled BDO was 8,300-8,500 RMB/ton (acceptance and delivery).

Market Dynamics:

The BDO market in East China was consolidating. Reduced supply was driving suppliers to maintain a stable market, and policy tightening was planned for the October cycle. Downstream demand remained acceptable, but there was resistance to high prices. The supply-demand game continued, and the market was sluggish and stable.

The BDO market in South China was consolidating within a narrow range. Maintenance or reduced production at some plants was supporting supply stability. Downstream contract purchases were driving the overall market to a stable state, with attention focused on October policy changes.

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