Market Dynamics: The BDO market in South China is operating with a wait-and-see attitude. There are no significant positive factors in the fundamentals, with industry participants following up on contracts. Spot procurement is light, and negotiations are ongoing. Holders maintain a neutral mindset, and market focus remains stagnant. The BDO market in East China is operating quietly. Downstream contracts are being followed up, and spot negotiations are subdued. Supply and demand negotiations are in a tug-of-war, with market trading focus remaining stable and quiet.

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 on 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 on acceptance). Some companies have announced new settlement and listed prices: the company’s December settlement (bulk water delivered)