Market Dynamics: The BDO market in East China is consolidating within a narrow range. Support from both supply and demand sides is moderate, with industry participants adopting a cautious and wait-and-see approach. Downstream contracts are being followed up. The BDO market in South China is operating under a watchful stance. A lack of market guidance has led to insufficient confidence among industry players regarding the future market outlook. Many are focusing on inventory digestion or placing small orders based on immediate needs. Suppliers are maintaining stable positions while observing market developments, resulting in a stalemate in market sentiment.

Price Dynamics: In East China, spot bulk water mainstream negotiations are at 7,300–7,500 RMB/ton, while barrel-packed negotiations are at 8,300–8,500 RMB/ton (delivered on acceptance). In South China, spot bulk water mainstream negotiations are at 7,500–7,700 RMB/ton, and barrel-packed negotiations are at 8,500–8,700 RMB/ton (delivered on acceptance).

Some companies have announced new settlement prices and listed prices:

• Company December settlement (bulk water delivered):