According to the Commodity Market Analysis System of Business Society, the domestic BDO market is operating on a wait-and-see basis. From June 17th to June 21st, the average price of domestic BDO remained at 9035 yuan/ton, with a month on month increase of 0.08% and a year-on-year decrease of 20.49%. The production of the equipment is stable, and the supply side support is weak, but the supplier’s intention to maintain prices continues. Downstream demand orders are being purchased at the terminal, and there is a bargaining sentiment under cost pressure. The supply and demand sides are engaged in a game, resulting in a weak and stagnant market focus.
On the supply side and in terms of equipment, the industry’s capacity utilization rate has increased to 70%, and the market supply of goods is relatively abundant, with weak support from the supply side. Be cautious and observe an increase in emotions. The supply side of BDO is affected by bearish factors.
On the cost side, raw material calcium carbide: supply is gradually recovering, and the calcium carbide market is operating weakly and steadily. Raw material methanol: The methanol market fluctuates significantly. As of 3:00 pm on June 21st, the domestic methanol price at Taicang is 2500 yuan/ton. The cost side of BDO is influenced by bearish factors.
On the demand side, under the traditional off-season effect of demand, except for the PTMEG spandex industry chain, downstream industries in the terminal sector have slightly lower production, maintaining strict demand for raw materials and suppressing market trends. The impact of BDO demand is mixed.
In the future market forecast, the production of equipment is stable, the market supply of goods is abundant, and the supply side support is average. Under the influence of the traditional off-season demand, the downstream of the terminal maintains a strong demand follow-up. BDO analysts from Business Society predict that the domestic BDO market will operate weakly and steadily.
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