According to the Commodity Market Analysis System of Shengyi Society, the domestic BDO market first rose and then fell. From November 1st to 29th, the MTBE price first rose from 8664 yuan/ton and then fell to 8624 yuan/ton, with a price drop of 0.25% during the period and a year-on-year price drop of 10.24%.

In the first half of the month, there were frequent fluctuations in the operation and maintenance of the equipment, with a mainly wait-and-see attitude. The industry continues to suffer losses, and suppliers actively support the market, limiting the room for market price fluctuations. The overall downstream demand is average, and there is a game between supply and demand, resulting in a stalemate in the focus of the domestic BDO market.

In mid month, the domestic BDO market remained on the sidelines, with orders in urgent need being delivered. At present, it is in a period of transition between the old and new cycles, lacking clear news guidance. Industry players are mostly holding steady and observing, while spot negotiations are light, and the overall market situation is temporarily stable.

At the end of the month, although the existing equipment was replaced, the temporary faulty equipment was restarted and some equipment was put into negative operation, resulting in an increase in industry capacity utilization and a weakening of supply side support. Downstream industry contracts are following up, spot trading is light, holders are cautious, and the market focus is stable with a downward trend.

Supply side: In terms of equipment, the industry’s capacity utilization rate has significantly improved, the market supply has increased, and the expected increase in market supply of goods has weakened supply side support.

On the cost side, raw material calcium carbide: The power restrictions in Inner Mongolia have eased, and the market supply capacity has increased. With the rise in prices in the early stage, trade inversion has led to a trading environment list. In terms of methanol, the domestic methanol market was relatively strong in September, and the cost of BDO was influenced by favorable factors.

On the demand side, most downstream industries such as PTMEG, PBAT, and polyurethane have reduced production loads due to equipment load reduction or maintenance, resulting in a decrease in raw material digestion. The demand side of BDO is negatively affected.

In the future market forecast, the supply of goods in the market will increase, while the pace of downstream demand will follow suit. Spot trading volume will be light, and the supply-demand contradiction will intensify. The BDO analyst from Shengyi Society predicts that the domestic BDO market is weak and consolidating.