According to the Commodity Market Analysis System of Shengyi Society, from September 23rd to 27th, the average price of BDO in China fell from 7600 yuan/ton to 7457 yuan/ton, a decrease of 1.88% during the period and a year-on-year decrease of 32.73%. The domestic BDO market is weak and deadlocked, with light spot trading. Recently, the industry’s capacity utilization rate has significantly declined, with some support from the supply side. The downstream demand of the terminal is generally followed up, with mixed long and short factors and fluctuations in the market’s center of gravity.

On the supply side, the capacity utilization rate of the BDO industry has decreased, and the market supply of goods has decreased.. The favorable supply side is gradually weakening.

On the cost side, raw material calcium carbide: The domestic calcium carbide market has seen an upward adjustment, with the price of raw material blue charcoal rising. The cost side support is strengthening, and production enterprises are shipping smoothly, but the supply of goods is tight. Raw material methanol: The methanol market has stopped falling. As of 10:00 am on September 27th, the domestic price of methanol in Taicang is 2464 yuan/ton. The narrow rise in raw materials such as calcium carbide and methanol has strengthened the positive impact of BDO cost factors.

On the demand side, the main downstream PTMEG spandex industry chain is operating at a high level, with stable digestion of raw materials. However, spandex has been losing money for a long time, and the bargaining sentiment for entering the market continues. Downstream PBT and PBAT production has increased, but there has been no significant change in the GBL-NMP industry chain and polyurethane industry load. The main focus is on digesting inventory of raw materials or following up on essential contracts. The demand side of BDO is affected by bearish factors.

In the future market forecast, multiple sets of equipment are under maintenance and load reduction, and the industry’s capacity utilization rate has dropped to below 50%. The supply side has certain favorable conditions, and the supply side has a stable market mentality. The weak performance of terminal demand has led to weak pre holiday stocking intentions in downstream industries. Business analyst BDO predicts that the domestic BDO market will mainly experience narrow consolidation.