Price Updates:

On March 17, the benchmark price for 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 East China region, the mainstream negotiated price for spot bulk BDO stands at 7,600–7,900 RMB/ton—an increase of RMB 100 RMB/ton—while the negotiated price for drummed BDO was 8,500–8,700 RMB/ton (acceptance payment, delivered). In the South China region, the mainstream negotiated price for spot bulk BDO was 7,800–8,000 RMB/ton, and the negotiated price for drummed BDO was 8,700–8,900 RMB/ton (acceptance payment, delivered).

Market Dynamics:

The BDO market in East China was temporarily in a wait-and-see mode. With limited guidance from fundamentals, market participants were holding back to observe developments, and spot trading activity remained lackluster. Holders were primarily focused on fulfilling contractual obligations, resulting in the market trading within a narrow range.

The BDO market in South China was also operating in a wait-and-see stance. Suppliers continued to demonstrate an intent to support market prices; however, downstream demand remained tepid, causing the market to fluctuate within a defined range.

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