SunSirs: On April 19th, the Domestic BDO Market Was on the Upward Trend
April 20 2023 11:42:16 SunSirs (John)
Price dynamics:
The mainstream negotiation for spot in bulk in East China was 10,500 to 10,700 RMB/ton, with an increase of 100 RMB/ton; Barrel negotiation: 12,000-13,000 RMB/ton. The mainstream negotiation for spot in bulk in South China was 10,500 to 10,700 RMB/ton, with an increase of 100 RMB/ton; Barrel negotiation: 12,000-13,000 RMB/ton.
Market dynamics:
The BDO market in East China was operating upwards. In the short term, supply side support still existed, and suppliers actively supported the market. However, as the settlement cycle approaching, downstream actual orders had limited follow-up, and sporadic small orders were traded at the high end. The BDO market in South China was relatively strong. Supply side support still existed, and spot prices on the market were tight and strong. Downstream demand was weaker, with small orders for just needed purchases and the market center of gravity shifted upward in a narrow range.
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