SunSirs: The Domestic BDO Market Experienced Weak Fluctuations on August 21st

Market dynamics:

The BDO market in southern China was experiencing weak fluctuations. The imbalance between supply and demand continued, and industry players were bearish on the future market. The sales policy in September was chaotic, and the overall market trend shifted downwards. The BDO market in East China was running weakly. The market supply and demand support was weak, and the main players had a strong bearish sentiment, resulting in chaotic and low market prices. The demand side was mainly focused on the trading of contract orders on demand, with little discussion on spot trading.

Price dynamics:

The mainstream negotiated price for spot bulk BDO in South China was 8,200-8,400 RMB/ton, with a high-end price reduction of 100 RMB/ton; The negotiated price for BDO in barrels was 9,400-9,600 RMB/ton (delivered). The mainstream negotiated price for spot bulk BDO in East China was 8,000-8,200 RMB/ton, and the low-end price had been lowered by 100 RMB/ton; The negotiated price for BDO in barrels was 9,300-9,500 RMB/ton (delivered).

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