SunSirs: On January 24th, the Domestic BDO Market Saw a Narrow Decline
January 25 2024 14:17:49 SunSirs (John)
Market dynamics:
The BDO market in South China was weak and volatile. In the new trading cycle, downstream demand had weakened and spot trading had been light. Some holding manufacturers increased their shipping mentality, and actual orders were subject to narrow market negotiations. The BDO market in East China was weak and volatile. The supplier's intention to maintain prices continued, but the downstream stocking atmosphere before the Spring Festival was light, and the holding manufacturers had a mentality of shipping, with negotiations on actual orders slightly lower than the market price.
Price dynamics:
The mainstream negotiated price for spot bulk BDO in South China was 9,300-9,400 RMB/ton, with a high-end price reduction of 100 RMB/ton; The mainstream negotiated price for bottled BDO was 10,800-11,200 RMB/ton. The mainstream negotiated price for spot bulk BDO in East China was 9,250-9,350 RMB/ton, with a reduction of 50 RMB/ton; The mainstream negotiated price for bottled BDO was 10,800-11,000 RMB/ton.
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