Price trend
Recently, the domestic BDO market continued its downward trend. According to the sample data monitored by SunSirs, as of May 8, the average price of domestic BDO producers was 24,900 RMB/ton, the price fell 16.16% month-on-month and increased 186.21% year-on-year. In terms of market price, the mainstream negotiation of spot bulk water in South China was 23,700-24,200 RMB/ton, and the barrel negotiation was 26,000-26,500 RMB/ton; In East China, the mainstream negotiation of spot bulk water was 23,700-24,200 RMB/ton, and the barrel negotiation was 26,000-26,500 RMB/ton.
Analysis review
The domestic BDO market is weak and the actual transaction is quite light. The price of the latest auction was 24,150 RMB/ton, and the final auction failed. The industry was bearish on the future market. The downstream industries mainly digest the inventory, and the transaction is mainly based on small orders to depress the price and just need to buy. Main spot continued to negotiate, market prices are still likely to go down.
In terms of devices, Dongyuan is shut down for maintenance from May 8 to 20; Tianye plans to stop for maintenance on May 10; Henan Kaixiang plans to conduct maintenance on May 15 for one month.
Market outlook
At present, there is no favorable support from the supply and demand side, and the industry is mostly bearish, and transactions are dominated by small orders. The game between supply and demand continues, and the focus of negotiations continues to decline. SunSirs BDO analysts predict that the domestic BDO market will be downturn in the short term.
