The contradiction between supply and demand was prominent, and the market of BDO went down in a wide range in April. According to the sample data monitored by the business community, the average price of domestic BDO producers was 29825 yuan / ton on April 1, and 27525 yuan / ton on April 30, with a price drop of 7.71% and a year-on-year rise of 197.89%. In April, there was no major overhaul of BDO units in China, most of which were catalyst replacement or short-term overhaul, with abundant supply; And the terminal demand follow-up fatigue, high price raw materials squeeze most of the downstream profit space.
Trend chart of domestic BDO market in April 2021
According to the price monitoring of business community, in April 2021, there were 51 kinds of commodities in the list of commodity price rise and fall, among which there were 30 kinds of commodities with an increase of more than 5%, accounting for 32.6% of the number of commodities monitored; The top three commodities were melamine (34.28%), acetic anhydride (31.91%) and acetic acid (29.83%). A total of 31 kinds of commodities decreased month on month, and 15 kinds of commodities decreased by more than 5%, accounting for 16.3% of the number of commodities monitored in the sector; The top three products were formic acid (- 18.44%), aniline (- 17.86%) and n-propanol (- 16.17%). The average rise and fall this month was 3.19%.
The domestic BDO market fell sharply this month. The operation of the plant is stable and the supply is abundant; However, the terminal follow-up was weak, high price raw materials squeezed the downstream profit space, the market position was cautious, the bidding price continued to decline, and the bearish sentiment was strong. Supplier shipping mentality, profit negotiation.
In terms of plant, the 200000 t / a plant of great wall energy was shut down on April 15 to replace the catalyst for about a week; The monthly load of 150 kt / a plant in Panjin Dalian will be increased to 80%; The unit load of Yanchang oil 100000 tons / year will be maintained at about 30-40%; The 110000t / a unit in Kaixiang, Henan Province, was temporarily overhauled within a month due to boiler problems, and planned to be overhauled for one month at the end of May; The 204000 T / a unit in Lanshan Tunhe has been replaced by turns since March 21 and restarted in mid April; The 40000 t / a unit in Meizhou Bay was temporarily shut down for maintenance at the end of April; The 100000 t / a plant of Shaanxi Ronghe will produce products on April 6, and the current load is 60%; Xinjiang Guotai Xinhua 200000 t / a plant load reduced to 70%; Dongyuan, Inner Mongolia, is now in stable operation and will be shut down for maintenance from May 8 to 20; The replacement of catalyst in the 60000t / a plant of Shaanxi black cat was postponed to May 6, with an estimated 15 days.
Downstream, the domestic spandex PTMEG market high strong this month. The market of PTMEG in non spandex area was finished horizontally. Domestic THF market shocks downward. PBT market continued to decline. The focus of GBL market is going down. In April, the domestic polyurethane resin market rose first and then fell. The domestic TPU market fluctuated downward.
Next month, some BDO devices will be put into maintenance plan, and the supply will be reduced; When the demand end storage device is restarted, the demand will increase and the factory inventory pressure will decrease. But with the main downstream PTMEG spandex terminal demand gradually into the off-season, market mentality will be affected. BDO analysts of business news agency expect that the decline of domestic BDO market in May may may slow down.
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