Price trend:
According to the commodity market analysis system of SunSirs, from November 17th to 21st, the domestic BDO price remained at 7,442 RMB/ton, a decrease of 0.31% month-on-month and 15.42% year-on-year. The domestic BDO market was mainly characterized by a wait-and-see attitude. With the settlement period approaching, most market participants were awaiting new month policies, resulting in a quiet trading atmosphere. Both supply and demand fluctuations were limited, negotiations continued, and the overall market remained stagnant.
Market Analysis
On the supply side, plants such as Shaanxi Heiman, Inner Mongolia Huaheng, and Yanchang experienced narrow fluctuations, while other plants operated relatively stably. Market supply decreased slightly compared to the previous period, but remained relatively abundant, resulting in only moderate supply support for the time being. Positive factors from BDO supply weakened.
Statistics on the operation of equipment in some production enterprises:
|
Region |
Device dynamics |
|
Yanchang oil |
The load of the device was 50% |
|
Xinjiang Meike |
The third phase of the device was stopped, and the load of the first, second, fourth and fifth phases was 80% |
|
Inner Mongolia Sanwei |
The load of the device was 60-70% |
|
Xinjiang Guotai Xinhua |
The device was running stably |
|
Xinjiang Xinye |
The device was running stably |
|
Ningxia Wuheng Chemical |
The load of the device was 60-70% |
|
Sinopec Great Wall Energy |
a set of devices was stable in operation; A set of devices was replaced on October 30 and resumed on November 8 |
On the cost side, for raw material calcium carbide: production enterprises were experiencing smooth shipments, providing strong cost support, and the willingness to maintain calcium carbide prices was relatively strong. For raw material methanol: the domestic methanol market was consolidating with a weak trend. As of 10:00 AM on November 21st, the domestic methanol price in Taicang was around 1,995 RMB/ton. With both raw material calcium carbide and methanol prices weak, the cost of BDO provided negative factor for the market. This was a negative factor from BDO demand for the market.
Market Outlook:
On the supply side, some plants slightly increased their operating rates, resulting in a slight increase in supply. Downstream industry demand contracted slightly, with most maintaining existing contracts and spot purchases remaining sluggish and subject to negotiation. SunSirs' BDO analyst predicts that the domestic BDO market will experience limited fluctuations.
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