SunSirs: On August 12th, the Focus of the Domestic BDO Market Shifted Downwards
August 12 2024 10:38:23
Market dynamics: The BDO market in East China is weak and loose. Industry practitioners have a bearish attitude towards purchasing and sales, with a lack of favorable market fundamentals. Terminal purchases follow orders, resulting in weak performance in actual orders and a downward shift in market focus.
The BDO market in southern China has fluctuated and declined. Industry practitioners have a bearish attitude towards purchasing and sales, while holders maintain their willingness to ship, and downstream end-users are cautious about entering the market.
Price dynamics: mainstream negotiations for spot loose water in East China range from 8400-8600 RMB/ton, with a low-end price reduction of 100 RMB/ton.
The barrel price is negotiated at 9700-9800 RMB/ton (accepted delivery), and the low-end price is reduced by 100 RMB/ton. The mainstream negotiation for spot scattered water in South China is 8500-8700 RMB/ton, with a low-end reduction of 100 RMB/ton; The barrel price is negotiated at 9800-9900 RMB/ton (accepted delivery), and the low-end price is reduced by 100 RMB/ton.
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