Market Dynamics: The BDO market in South China is operating on a wait-and-see basis. Currently, there is no clear guidance from the fundamentals, with trading dominated by contract orders and spot negotiations remaining sluggish. The ongoing tug-of-war between supply and demand continues, leading to a stable yet subdued market. In East China, the BDO market is also in a holding pattern. A lack of directional news has prompted industry participants to maintain a cautious and steady stance. Downstream contracts are being followed up, while spot negotiations remain quiet, resulting in a stagnant market.

Price Dynamics: In East China, mainstream spot bulk water negotiations range from 7,300 to 7,500 RMB/ton, while drum-packed negotiations are between 8,300 and 8,500 RMB/ton (delivered on acceptance). In South China, mainstream spot bulk water negotiations range from 7,500 to 7,700 RMB/ton, with drum-packed negotiations between 8,500 and 8,700 RMB/ton (delivered on acceptance). Some companies have announced new settlement and listed prices: Company's December settlement (bulk water delivered).