According to the Commodity Market Analysis System of Shengyi Society, from August 8th to 14th, the average price of BDO in China fell from 8342 yuan/ton to 7914 yuan/ton, with a price drop of 5.14% during the period, a month on month drop of 9.40%, and a year-on-year drop of 9.48%. The supply has increased, while the main downstream industries have experienced a decline in production, resulting in a reduction in demand for raw materials. The supply and demand in the BDO industry have intensified, and the bearish mentality of industry players continues. The focus of the domestic BDO market continues to decline due to the negotiation and operation of actual order discounts by cargo holders.

On the supply side, industry supply has increased, and supply side support has weakened again. The supply side of BDO is affected by negative factors.
In terms of cost, raw material calcium carbide: With the gradual implementation of PVC maintenance, the enthusiasm of enterprises for shipment has increased, and the focus of transactions in the domestic calcium carbide market has shifted downwards. In order to accelerate shipment, some enterprises have flexible transactions. Raw material methanol: The domestic methanol market continues to be weak. As of 3:00 pm on August 14th, the reference price for domestic methanol in Taicang is 2340 yuan/ton. The weak consolidation of raw materials such as calcium carbide and methanol, as well as the negative impact of BDO cost factors.
On the demand side, the main downstream companies such as PTMEG and PBAT have seen a decrease in production, while PBT has seen an increase in production. The NMP industry has added new production capacity from Hualu Hengsheng, while there has been no significant change in the load of other industries. The overall accounting of the demand side has decreased compared to the previous period, leading to an intensification of the supply-demand contradiction in the industry and a bearish purchasing mentality among the main players. The demand side of BDO is affected by bearish factors.
In the future forecast, the supply of BDO market will increase, while the demand will also increase slightly. The supply-demand contradiction in the industry still exists, which is bearish on the market mentality. But currently, the price has fallen to a low level, and BDO analysts from Shengyi Society predict that the domestic BDO market is mainly weak and consolidating.