According to the Commodity Market Analysis System of Shengyi Society, from September 9th to September 13th, the average price of BDO in China remained at 7600 yuan/ton, a year-on-year decrease of 34.40%. The domestic BDO market is deadlocked after a decline, with light spot trading. The current industry capacity utilization rate has dropped below 60%, and there are certain favorable factors on the supply side. The intention of suppliers to maintain prices limits the market’s downward exploration space. Downstream companies follow up on demand but have resistance to high prices, resulting in a weak overall market performance.
On the supply side, the utilization rate of industry capacity is about to increase. The favorable supply side of BDO is gradually weakening.
On the cost side, raw material calcium carbide: After entering September, under cost pressure, some enterprises have carried out maintenance, load reduction, etc., and the domestic calcium carbide market has entered the stage of inventory consumption. Raw material methanol: The methanol market is weak and volatile. As of 10:00 am on September 14th, the domestic methanol Taicang price is 2405 yuan/ton. The BDO cost side is affected by bearish factors.
On the demand side, the performance of terminal demand is average, and the demand for raw materials remains just in line, resulting in average production and weak market conditions in many downstream industries. Especially in recent times, the main downstream PTMEG and PBT industries have experienced a significant decline in load, suppressing the trend of raw materials. The demand side of BDO is affected by bearish factors.
Forecast for the future, downstream companies will maintain the pace of demand and follow suit, while manufacturers will offer according to the market. The supply-demand game continues, and the BDO market is caught in a dilemma of ups and downs. The BDO analyst from Shengyi Society predicts that the domestic BDO market will mainly be dominated by weak consolidation.
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