SunSirs: On May 17th, the Domestic BDO Market Fluctuated within a Narrow Range
May 18 2023 10:48:23 SunSirs (John)
Price dynamics:
The mainstream negotiated price for spot bulk BDO in the East China region was 12,500-12,700 RMB/ton, and the negotiated price for barrel BDO was 12,500-13,500 RMB/ton. The mainstream negotiated price for spot bulk water BDO in South China was 12,500-12,700 RMB/ton, while the negotiated price for barrel BDO was 12,500-13,500 RMB/ton.
Market dynamics:
The BDO market in the eastern region fluctuated within a certain range. As the settlement cycle approaching, many businesses entered the market to wait and see, and the actual trading volume was light. Downstream procurement intention was not strong. The BDO market in South China was operating on a wait-and-see basis. As settlement approaching, the main players were mostly entering the market to wait and see, and the follow-up of actual orders was limited. Downstream procurement was through contracts.
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