SunSirs: On June 8th, the Focus of the Domestic BDO Market Fluctuated and Rose
June 09 2023 11:09:26 SunSirs (John)
Price dynamics:
The mainstream negotiated price of spot bulk BDO in South China was 10,700-10,900 RMB/ton, and the high-end price was increased by 100 RMB/ton; Barreled BDO negotiated price of 12,000-12,500 RMB/ton. The mainstream negotiated price of spot bulk BDO in East China was 10,800-10,900 RMB/ton, with an increase of 100 RMB/ton; Barreled BDO negotiated price of 12,000-12,500 RMB/ton.
Market dynamics:
The BDO market in South China fluctuated upward. As of 8th, the on-site spot supply was tight, and the trading market offers were on the high end. Downstream customers often entered the market to wait and see, and demand follow-up was limited. The BDO market in East China continued to rise. The factory's online bidding premium reached 10,900 RMB/ton, which boosted market buying momentum. Traders' offers were on the high end, with some reaching over 11,000 RMB/ton, causing market gravity to fluctuate and rise.
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