SunSirs: The Domestic BDO Market Experienced a Weak Downturn on August 8th

Market dynamics:

The BDO market range in East China has loosened. The favorable support for supply and demand has weakened, and terminal follow-up was more cautious. The entry of essential needs into the market was accompanied by price pressure, and the confidence of holders in trading was insufficient. They maintained their willingness to ship according to the market, and the focus of negotiations was tilted towards the low-end. The BDO Market in South China was exploring downward weakly. The favorable support from the supply side has loosened, and suppliers were negotiating flexibly with a shipping mentality. Downstream demand entering the market was accompanied by price cuts, and pessimistic sentiment continued. The market focus was shifting towards the low-end.

Price dynamics:

The mainstream negotiated price for spot bulk BDO in East China was 8,600 RMB/ton, and the high-end price had been lowered by 100 RMB/ton. The negotiated price for BDO in barrels was 9,800-9,900 RMB/ton (delivered), and the high-end price has been reduced by 100 RMB/ton. The mainstream negotiated price for spot bulk BDO in South China was 8,600-8,800 RMB/ton, with a low-end price reduction of 100 RMB/ton; The negotiated price for BDO in barrels was 9,900-10,000 RMB/ton (delivered), and the high-end price has been reduced by 100 RMB/ton

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