1、 Price trend

According to the sample data monitored by the business agency, as of April 10, the average price of domestic BDO market was 9600 yuan / ton, with a 1.64% month on month drop in price and a 5.91% year-on-year increase.

2、 Market analysis

Product: this week, the domestic BDO market fluctuated in a narrow range. The main factory continued to reduce the quotation measures, the factory construction remained at a low level, and the market supply had a further reduction trend, but the effect was even from the market reaction. The form of foreign public health events is still severe, the domestic supply is further increased under the obstruction of export channels, while the downstream factories are also facing negative difficulties, and short-term demand is difficult to effectively boost. The imbalance between supply and demand is becoming more and more serious, which makes it difficult for the market to improve.

In terms of devices, this week, the 100000 t / a device of Shaanxi chemical industry phase II was shut down on March 27 and restarted in early April. Two 50000 T / a BDO units in Kaixiang, Henan Province were shut down on March 16, and a line was restarted in early April. Two sets of 50000 T / a BDO units of Henan Heci were shut down on March 28, which is expected to last for one month. This week, the start-up rate of alkynaldehyde process unit in BDO plant was 35.2%. Shaanxi chemical plant was restarted, and Tianxiang restarted a line. The start-up rate was 4.4% higher than last week

Industrial chain: in terms of raw materials, methanol, this week, the focus of China’s methanol market is higher. Before last week’s holiday, traders in some regions were able to buy gas under the bottom reading operation. The overall shipment in the northwest region was relatively considerable. At present, the inventory pressure is not large, and some devices are stopped or reduced. Most of the operators have a strong mentality and the price focus at the beginning of the week is obviously higher. And the low price in the early stage is maintained, and the seller’s profit is obviously compressed. At present, with the gradual release of spring inspection information of some devices in some regions, the downstream demand also has a certain recovery expectation. The basic expectation is good for the support industry mentality, and most regions in the mainland follow-up.

Calcium carbide: this week, the domestic calcium carbide market was affected by the decline of PVC manufacturers, and the price dropped significantly. At present, the inventory of production enterprises in Northwest China is under pressure, and the market trading atmosphere is light. In order to promote shipment, the production enterprises reduce the ex factory price. At present, the ex factory price in Wuhai is 2250-2300 yuan / ton, and there is still a trend of further exploration. Influenced by the cost pressure, calcium carbide enterprises have also kept down the purchase price of Lancan in the near future. It is understood that the price of Lancan intermediate materials in Shaanxi is 620 yuan / ton.

3、 Future forecast

The overall downstream construction is low, and the demand for raw materials is light. Under the situation of supply and demand imbalance, BDO analysts predict that the short-term domestic BDO market will maintain a weak operation and wait for the development of public health events.