April 21st — Market Dynamics: The BDO market in South China is operating under a wait-and-see approach. Limited fundamental guidance is available, with industry participants focusing on new monthly policies. Trading is dominated by contract orders, while spot market offers and bids remain subdued, leading to a stalemate in market sentiment. In East China, the BDO market is experiencing narrow-range consolidation. As the trading cycle nears its end, most market participants are adopting a cautious stance. Some suppliers have maintained stable new monthly policies, and holders are adjusting their operations based on market conditions, resulting in a calm and steady market outlook.

Price Dynamics: In South China, mainstream spot bulk water negotiations are in the range of 8,400–8,600 RMB/ton, while barrel-packed negotiations are at 9,400–9,600 RMB/ton (delivered on acceptance). In East China, mainstream spot bulk water negotiations are between 8,300–8,600 RMB/ton, with barrel-packed negotiations at 9,300–9,600 RMB/ton (delivered on acceptance). Some companies have announced new settlement prices and listed prices: the March settlement price (bulk water delivered) for enterprises.