According to the monitoring of the Business Agency, the BDO market continued to decline. From March 6 to 10, the domestic BDO price fell from 13160 yuan/ton to 12780 yuan/ton, and the price fell 2.89% in the cycle, 5.45% month-on-month and 55.25% year-on-year.

Some BDO devices were overhauled, and the market supply was reduced. At the same time, the bidding price of the factory was high, and the production enterprises were strong. However, due to the sluggish follow-up of terminal demand, most downstream industries are under pressure on costs, and have a weak intention to purchase raw materials and seriously depress prices. The decrease in supply did not offset the downturn in demand, and the focus of the market continued to decline.

In terms of cost, raw calcium carbide: the demand is low, the market performance of oversupply is gradually strengthened, and the market situation of calcium carbide is sluggish. In terms of methanol, the cost support is temporarily stable and the supply is relatively abundant. The methanol market fluctuated in a narrow range. BDO’s cost side is negative.

On the supply side, the bidding and transaction of the factory side are fair, and the production enterprises mainly keep the price. BDO has a good supply side.

On the demand side, the overall performance of the downstream industry was average, and the contradiction between supply and demand appeared, which aggravated the cautious bearish sentiment in the market. Nearly 80% of the PTMEG-spandex industry chain industry has started, and the overall digestion is good. The shutdown and maintenance of Kaixiang chemical plant in the PBT industry have not changed much since the commencement; The PU slurry and TPU industries in the polyurethane field started around 50% to 60%, and the orders just need to be followed up. The demand for short-term BDO is not significantly positive.

According to the aftermarket forecast, although the maintenance supply of the manufacturing enterprises has decreased, and the bidding price has remained in a state of price keeping, the demand-side performance continues to be weak, and the enthusiasm for entering the market is not high, which suppresses the market trend. BDO analysts of the Business Agency predict that the domestic BDO market will be adjusted at a low level.