Summary of domestic BDO market in “Golden September” month

9At the beginning of the month, domestic BDO manufacturers’ equipment maintenance and shutdown changes caused the overall market The supply has decreased, coupled with the pull of downstream rigid demand orders, and the impact of the epidemic in Xinjiang, the transportation has been restricted, and the BDO market has changed its sluggish market in early September and started to rise sharply. As of the end of September, the market has been deadlocked at a high level without a breakthrough.

Specifically, at the beginning of the month, production enterprises installed and overhauled, but downstream demand was insufficient, traders’ offers were high, downstream conflicts were obvious, and many small orders were traded in the market. In the middle of the month, the rise of the BDO market slowed down, but due to the pull of downstream demand, the market finally broke through the stalemate and began to rise sharply. The operating rate of the main downstream spandex industry has increased this month, but it is mainly to digest inventory. The spandex market is stable and improving, but there is no obvious fluctuation in the market. As the center of gravity of raw material BDO reaches a high level, the willingness to cover positions has weakened in other downstream industries. To a certain extent Weakened the rally in the BDO market. As of the end of the second half of the year, the domestic BDO market remained sideways, with no major fluctuations in the quotations of manufacturers, and the market was dominated by stalemate at high levels.

At the beginning of September, the domestic BDO average price was 10,212 yuan/ton. As of September 28, the average price was 14,575 yuan/ton, an increase of 42.72% within the month, and a year-on-year decrease of 51.62%. In September 21, the raw material calcium carbide market was operating strongly, the methanol market was operating at a high level, and the cost side was strongly supported. The average price of BDO was 21,107 yuan/ton.

Data source: Tiantian Chemical Industry Network

10BDO installations started to increase in October, transportation in Xinjiang will eventually improve gradually, supply End support will be weakened. However, the supply side continues to maintain high intentions, and buyers are still resistant to high prices. It is estimated that the BDO market will be adjusted at a high level in the future.