According to the Commodity Market Analysis System of Shengyi Society, the domestic BDO market is consolidating at a low level. From April 1st to 30th, BDO prices fell from 7958 yuan/ton to 7950 yuan/ton, with a price drop of 0.11% during the period and a year-on-year price drop of 31.88%.

In the first half of the month, the domestic BDO market saw a weak consolidation. The restart and maintenance of the equipment are still ongoing, but the industry’s capacity utilization rate remains low, and the supplier’s market stability mentality continues. The overall downstream production has increased, but under cost pressure, it has entered the market for bargaining. The supply-demand game continues.
In mid month, the domestic BDO market experienced a weak downturn. Recently, the load on the equipment has not been high, and there is support from the supply side. The supplier’s intention to maintain price stability continues. But as new production capacity emerges, downstream bearish sentiment increases. Some of the manufacturers holding the goods lack confidence in their offers, and negotiations for narrow discounts on actual orders have led to a downward shift in the focus of the domestic BDO market.
At the end of the month, the domestic BDO market weakened narrowly. The industry’s capacity utilization rate continues to decline, with supply side support and supply side contraction. Downstream maintenance requires immediate follow-up, but resistance to high prices still exists. The supply-demand game continues, and the market is operating in a stalemate.
Supply side: Some devices are still under maintenance, temporary parking, and defect elimination, and the capacity utilization rate of the BDO industry has dropped to around 4.4%. The market supply continues to decrease, and there is some positive support from the supply side. At the same time, some devices have released May maintenance news, and the industry is under long-term loss pressure. The suppliers have a strong positive attitude towards supporting the market, which limits the market’s further downward exploration space. The supply of BDO is affected by favorable factors.
On the cost side, raw material calcium carbide: The domestic calcium carbide market remains stable and watchful. Due to power maintenance and cost pressures, the supply in Shaanxi and Wumeng regions has significantly decreased. At the same time, there have been irregular power restrictions in Inner Mongolia, which have increased supply instability and accelerated the consumption of market inventory. The domestic methanol market is weak and volatile. As of 3:00 pm on April 25th, the domestic methanol Taicang price was 2430 yuan/ton. The prices of raw materials such as calcium carbide and methanol are running weakly, and the cost of BDO is affected by unfavorable factors.
On the demand side, due to the average performance of terminal demand, the overall downstream production has slightly declined, and the cost of the industrial chain is under pressure, resulting in weak ability to accept high prices. This has led to inconsistent implementation of new cycle contract policies and sporadic small orders for spot goods. The demand side of BDO is affected by bearish factors.
Future forecast: The supply-demand game will continue, and market fluctuations may be limited. Business Society BDO analysts predict that the domestic BDO market will mainly focus on consolidation and observation.