Market dynamics:
On February 11th, the BDO market in East China was on the sidelines. The supply side was supported by inventory, and the downstream industry load was increasing, indicating the supplier's intention to maintain prices. But spot trading was light, and there was temporarily no volatility in the market. The BDO market in southern China fluctuated within a certain range. The low utilization rate of industry production capacity supported suppliers to maintain prices. The downstream load has increased after the holiday, but the main focus was on digesting inventory. The trading market was cautious and the market focus was stable.
Price dynamics:
On February 11th, the mainstream negotiated price for spot bulk BDO in South China was 8,400-8,500 RMB/ton, and the negotiated price for barrel BDO was 9,400-9,500 RMB/ton (accepted and delivered). The mainstream negotiated price for spot bulk BDO in East China was 8,200-8,300 RMB/ton, and the negotiated price for barrel BDO was 9,200-9,300 RMB/ton (accepted and delivered).
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