SunSirs: On May 23rd, the Domestic BDO Market Was Weak and Declining
May 24 2023 14:01:11 SunSirs (John)
Price dynamics:
The mainstream spot bulk BDO negotiation price in South China was 12,000-12,500 RMB/ton, and the low-end price was reduced by 300 RMB/ton; Barreled BDO negotiated at a price of 12,500-13,500 RMB/ton. The BDO negotiation price for spot bulk in East China was 12,000-12,300 RMB/ton, and the high-end price was reduced by 200 RMB/ton; Barreled BDO negotiated at a price of 12,500-13,500 RMB/ton.
Market dynamics:
The BDO market in South China was weak and declining. There was a certain level of support on the supply side, and suppliers continued to support the market. The follow-up of downstream demand at the terminal was light. The BDO market in East China continued to decline. Although some devices were shut down for maintenance, the supplier intended to continue to support the market. But the follow-up of terminal demand was average.
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