Price Trends:

On March 12, the benchmark price for 1,4-butanediol (BDO), as reported by SunSirs, stood at 7,757.14 RMB/ton—an increase of 5.23% compared to the beginning of the month (7,371.43 RMB/ton).

In the South China region, the mainstream negotiated price for spot bulk BDO stood at  7,750–7,85 0RMB/ton, with the lower end of the price range rising by 50 RMB/ton month-on-month; the negotiated price for drummed BDO was 8,650–8,850 RMB/ton (acceptance payment, delivered). In the East China region, the mainstream negotiated price for spot bulk BDO was 7,550–7,650 RMB/ton, with the lower end of the price range rising by 50 RMB/ton month-on-month; the negotiated price for drummed BDO was 8,400–8,600 RMB/ton (acceptance payment, delivered).

Market Dynamics:

The BDO market in South China was experiencing narrow fluctuations. The market finds support on both the supply and cost fronts, with suppliers demonstrating a strong inclination to uphold prices. Downstream buyers were procuring strictly based on immediate, essential needs, while sporadic spot transactions involving small volumes are trading at slightly elevated levels.

The BDO market in East China was trending stronger amidst fluctuations. Supply volumes had contracted slightly, lending support to suppliers' efforts to bolster the market. Downstream players were procuring via contracts based on demand, while spot market negotiations remained quiet, resulting in range-bound price movements.

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