Market Dynamics: The BDO market in South China is consolidating within a narrow range. Current fundamentals provide moderate support, with trading primarily driven by rigid demand orders. Spot market discussions are subdued. Trading sentiment in the market remains neutral, and the overall market focus is stable and steady. In East China, the BDO market is operating under a wait-and-see sentiment. Fundamentals show no significant changes, and market participants continue to adopt a cautious stance. Downstream industries are following up based on demand, while holders maintain a neutral trading sentiment. Actual orders are negotiated in line with market conditions, and the market focus remains stable and steady.

Price Dynamics: In East China, the mainstream spot bulk water price is negotiated at 7,300–7,500 RMB/ton, while drum-packed prices are negotiated at 8,300–8,500 RMB/ton (delivered with acceptance). In South China, the mainstream spot bulk water price is negotiated at 7,500–7,700 RMB/ton, and drum-packed prices are negotiated at 8,500–8,700 RMB/ton (delivered with acceptance). Some companies have announced new settlement prices and listed prices: the company’s December settlement price (bulk water delivered) is...