According to the Commodity Market Analysis System of Shengyi Society, from December 12th to 19th, the domestic BDO price remained at 7537 yuan/ton, with a month on month decrease of 1.15% and a year-on-year decrease of 13.45%. The domestic BDO market is in a stalemate, with both supply and demand increasing, and the supply-demand game intensifying, resulting in fluctuations in the market range.
On the supply side and in terms of equipment, the supply volume of BDO market has increased, and the support on the supply side has weakened. The supply side of BDO is affected by bearish factors.
On the cost side, raw material calcium carbide: The calcium carbide market is showing a downward trend. On the supply side, due to the orderly electricity policy in Inner Mongolia and the short-term maintenance of some enterprises in Wuhai, the stability of calcium carbide production has decreased, and the supply has experienced a narrow contraction. Raw material methanol: Domestic methanol prices have weakly declined. As of 10:00 am on December 19th, the reference price for domestic methanol in Taicang is 2150 yuan/ton. The raw material calcium carbide market is declining, while the methanol market is expected to rise, and the impact of BDO cost is mixed.
On the demand side, downstream PBT production has increased, while there have been no significant changes in other industries, resulting in an increase in raw material digestion. However, under cost pressure, contract follow-up is still maintained, and spot trading is light and negotiated. The impact of BDO demand is mixed.
Market forecast: supply increases and demand decreases, negotiation game continues, and market fluctuations are difficult. Part of the devices are operating at increased load, resulting in an increase in the supply of goods. Business Society BDO analysts predict that the domestic BDO market will mainly focus on consolidation.