Market Dynamics: The BDO market in East China is fluctuating within a range. Supply is ample, while downstream pre-holiday purchasing sentiment remains subdued. Increasing supply-demand pressure has negatively impacted market sentiment, leading to weak market performance. In South China, the BDO market remains weak and stagnant. Recent supply-demand pressure has intensified, with market participants adopting a bearish stance on procurement and sales. Efforts are focused on digesting inventory or following up on contracts, with reports of low-priced spot transactions.
Price Dynamics: In East China, mainstream spot bulk water negotiations are at 7,300–7,500 RMB/ton, while drum-packed negotiations are at 8,300–8,500 RMB/ton (delivered with acceptance). In South China, mainstream spot bulk water negotiations are at 7,500–7,700 RMB/ton, while drum-packed negotiations are at 8,500–8,700 RMB/ton (delivered with acceptance). Some companies have announced new settlement and listed prices.
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