Market Dynamics: The BDO market in East China is operating under a wait-and-see sentiment. Support from both supply and demand sides is moderate, with major players focusing on contract-based transactions. Spot market discussions are limited, and the overall trading focus remains stable, awaiting further guidance. In South China, the BDO market is consolidating within a narrow range. Supply is ample, while downstream demand follows a just-in-time approach. Market participants maintain a cautious stance on procurement and sales, leading to a standoff in supply-demand negotiations and minimal fluctuations in market prices.

Price Dynamics: In East China, spot bulk water prices are primarily 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, spot bulk water prices are mainly negotiated at 7,500–7,700 RMB/ton, with drum-packed prices 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 price (bulk water delivered) is...