BDO market continues to be weak

The domestic BDO market continued to be weak and the spot talks were light. At present, except that Kaixiang plant has not produced any products after shutdown for maintenance and Tianye restart, other plants have stable operation and abundant supply. According to the sample data monitored by the business association, as of June 7, the average producer price of domestic BDO was 19600 yuan / ton, with a month on month decrease of 25.76% and a year-on-year increase of 137.29%. In terms of market price, the mainstream negotiation of spot bulk water in East China is 17800-18200 yuan / ton, while the mainstream negotiation of spot bulk water in South China is 18000-18200 yuan / ton.

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The domestic BDO market continued to be weak and the spot talks were light. At present, except that Kaixiang plant has not produced any products after shutdown for maintenance and Tianye restart, other plants have stable operation and abundant supply. Demand side: the main downstream PTMEG started at a high level, PBT, TPU and other loads increased slightly, and multi-dimensional held contract procurement. Most terminals are still resistant to high price raw materials. Therefore, BDO’s downstream multi industry offers are lowered for promotion, and the profit mentality drives the purchase of raw materials to lower the price seriously. Traders trading enthusiasm is not high, bearish atmosphere is strong, let profit shipping mentality mainstream, negotiation focus down.

At present, there is no good support from the supply and demand side. The industry is mostly bearish, and small orders need to be closed. The game between supply and demand continued, and the focus of negotiation continued to decline. BDO business analysts expect that the domestic BDO market is in a downturn in the short term.

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