In September, the domestic BDO market changed from a sluggish market, and the price rose significantly. The price rose 42.72% in the month, and fell 51.62% year on year. The main reason is that the supply of equipment maintenance of the manufacturer is reduced, and a small number of high prices are auctioned to support the market, as well as the demand driven by the downstream manufacturers’ pre holiday stock. In October, the domestic BDO market was mainly reorganized. After the National Day holiday, the rising trend in September continued. The auction prices of some manufacturers remained high. However, the sluggish demand restricts the growth of BDO market. Although the manufacturer has bid for 14700 yuan/ton for many times, it is hard to change the downtrend of downstream, and BDO market is frozen.

According to the sample data monitored by the business cooperative, the average price of domestic BDO producers in early October was 14600 yuan/ton. As of October 28, the average price of domestic BDO producers was still 14600 yuan/ton. The maximum amplitude of price in the month was 0.68%, and the price fell 52.09% year on year. The latest market price: 13800-14200 yuan/ton for spot apron mainstream negotiation in South China; Barrel negotiation 14500-15500 yuan/ton (delivered by acceptance); East China spot apron mainstream negotiation 13800-14200 yuan/ton; Barrel packing negotiation 14500-15000 yuan/ton (delivered by acceptance).

At the beginning of the month, the domestic BDO market was mainly on the sidelines. Although the manufacturers had a strong intention to set prices, and the published auction prices were mostly high and stable, the market price followed a slight upward trend, which was not about 200 yuan/ton, but the downstream receiving intention was not strong, and the buying and selling atmosphere was light.

In the middle of this month, the domestic BDO market was smoothly sorted out, and traders’ wait-and-see mood increased as the month end settlement cycle approached. At present, the operation of major domestic production enterprises is relatively stable, and the transportation situation in some regions is slightly eased compared with the early stage, and the overall supply of the market is increasing. However, the overall performance of downstream demand is average. The supply and demand game makes the BDO market a dilemma.

In the last ten days of this month, the contradiction between supply and demand in the domestic BDO market was prominent. With the increase of negative operation of Meck’s equipment, the overall market operating rate increased; At the same time, the transportation in Xinjiang has gradually eased and the supply is abundant. However, terminal demand was weak, traders’ bearish sentiment increased, and the trading focus moved down in a narrow range.

In terms of equipment, in October, the load of BDO’s main factories decreased a lot.

In terms of upstream, in terms of methanol, the business community monitored that the price of domestic methanol in East China ports continued to rise and then fell, with a shock downward. At the beginning of the month, the price was 3012 yuan/ton, and as of October 28, 2790 yuan/ton, a decline of 7.39% in the cycle. At present, the domestic methanol market is weak. Raw calcium carbide: The business community monitored that the production price of calcium carbide in the northwest kept at 3700 yuan/ton at the beginning of the month, and rose to 3961 yuan/ton at the end of the month, with a 7.06% increase in the cycle. At present, the calcium carbide market is mainly arranged and wait-and-see.

In terms of downstream products, PTMEG industry has downward expectations; The demand of PBT industry has decreased; The downstream TPU and PU slurry load in the polyurethane field remained stable, and just needed orders to follow up.

At present, the contradiction between supply and demand is gradually emerging and strengthening, BDO market supply is still relatively abundant, while some downstream PTMEG and PBT plants are under maintenance or expected to reduce the market demand. Business agency BDO analysts predict that the domestic BDO market may decline.