SunSirs: The BDO Market Was Mainly in a Wait-and-See Mode
March 03 2026 14:20:04 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, from February 24th to 28th, the domestic BDO price remained at 7,371 RMB/ton, up 0.19% month-on-month and down 11.03% year-on-year. Supply remained stable, while demand increased due to downstream maintenance restarts and other factors, resulting in a continued supply-demand gap. Following the Spring Festival holiday, downstream restocking was moderate, with supply and demand negotiations resulting in limited market fluctuations.
Market Analysis
On the supply side, there were no significant fluctuations in plant operations, and the supply of goods was sufficient, with supply support temporarily moderate. After the holiday, Hualu, Junzheng, and Weiyuan plants announced maintenance schedules for late February and March, which will reduce the supply of goods. The supply side of BDO provided favorable factors for the market.
Statistics on the operation of some production facilities:
|
region |
Device dynamics |
|
Shaanxi Shanhua |
The first phase was parked in early August 2024, and the second phase was parked on February 22, 2025, and the restart time was undecided |
|
Xinjiang Meike |
The third phase of the plant was stopped, and the first, second, fourth and fifth phases were running steadily |
|
Inner Mongolia Sanwei |
300,000 tons/year BDO plant, the current load was around 70-80% |
|
Xinjiang Guotai Xinhua |
The two sets of 200,000-ton units were relatively stable in operation |
|
Xinjiang Xinye |
The first phase of the 60,000-ton plant and the second phase of the 70,000+70,000 tons/year plant were running stably |
|
Ningxia Wuheng Chemical |
The load of the device was 60-70% |
|
Sichuan Tianhua |
The first phase of the 25,000 tons/year and the second phase of the 60,000-ton plant were running stably |
On the cost side, for raw material calcium carbide: the calcium carbide market was experiencing a significant downturn, with producers actively shipping their products, and some companies facing inventory pressure. For raw material methanol: the methanol market was fluctuating and consolidating; as of 3:00 PM on February 28th, the domestic methanol price in Taicang was around 2,300 RMB/ton. With the calcium carbide market weak and the methanol market fluctuating, the impact of BDO costs was mixed.
On the demand side, downstream industries such as PTMEG, PBT, TPU, and PU slurry had increased their operating rates compared to the holiday period, leading to increased consumption of raw materials. The demand for BDO provided positive factors for the market.
Market Outlook
Maintenance shutdowns at plants like Hualu and Junzheng have reduced supply of BDO; meanwhile, increased operating rates in downstream PTMEG, PBT, PBAT, TPU, and PU slurry industries have boosted raw material consumption, narrowing the supply-demand gap. SunSirs' BDO analyst predicts that the supply-demand dynamic in the domestic BDO market will continue.
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