According to the Commodity Market Analysis System of Shengyi Society, from March 9th to 13th, the domestic BDO price rose from 7557 yuan/ton to 7757 yuan/ton, with a price increase of 2.65% during the cycle, a month on month increase of 5.23%, and a year-on-year decrease of 2.60%. Domestic BDO supply continues to shrink, cost pressures increase, and high bidding results support the supply side’s market support mentality. However, the actual demand performance downstream is average, with urgent orders following up and resistance to high prices, resulting in a narrow upward trend in the overall market, but limited actual trading volume.
On the supply side, the industry’s capacity utilization rate is relatively low, supported by favorable supply side inventory. The supply side of BDO is affected by favorable factors.
On the cost side, due to regional conflicts and changes in their own supply and demand relationships, the prices of raw materials such as calcium carbide, methanol, natural gas, and maleic anhydride have risen, and the cost pressure on the BDO industry has increased. At the same time, there has been an increase in auctions within the week, with many transactions taking place at high prices, supporting the supply side’s market support mentality. The prices of raw materials such as calcium carbide and methanol are rising, and the cost of BDO is influenced by favorable factors.
On the demand side, downstream industries, driven by the rise in raw material prices, have seen an upward trend in market conditions in many downstream industries. However, the transmission of costs is not smooth, resulting in little change in the operating load of downstream industries and mainly consuming raw material inventory. The demand for BDO is influenced by favorable factors.
In the future forecast, as BDO prices rise, downstream acceptance capacity weakens, and the supply-demand game intensifies, BDO analysts from Shengyi Society predict that the domestic BDO market will mainly experience fluctuations and consolidation.
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