On January 9th, Inner Mongolia Sanwei conducted an auction on the Henan Energy bidding platform at 15:00 on January 8th, selling 100 tons of BDO with a starting price of 7,400 CNY/ton. The transaction was settled via acceptance bills for delivery to East China, with distribution limited to the East China region. After five rounds of bidding, the final transaction price was 7,500 CNY/ton.
Chempricehub Analysis of 1,4-Butanediol (BDO):
Bull-Bear Score: +1.5
The article reports that Inner Mongolia Sanwei auctioned 100 tons of 1,4-butanediol (BDO) on the Henan Energy platform, with a starting price of 7,400 CNY/ton and a final transaction price of 7,500 CNY/ton, which is 100 CNY/ton higher than the starting price. The auction went through five rounds of bidding, indicating strong demand in the East China region and intense competition among buyers. This suggests tight spot supply or active downstream demand, which may drive up short-term spot prices and benefit market sentiment.
The score is +1.5 (between moderately bullish and significantly bullish), as the increase in transaction price is notable, but the transaction volume is relatively small (100 tons), limiting its broader impact.