According to the Commodity Market Analysis System of Shengyi Society, from November 25th to 29th, the average price of BDO in China fell from 8728 yuan/ton to 8642 yuan/ton, with a price drop of 0.98% during the period and a year-on-year decline of 10.24%. Although there have been device replacements, the restart of temporary faulty devices and the operation of some devices with increased load have led to an increase in industry capacity utilization and weakened supply side support. Downstream industry contracts are following up, spot trading is light, holders are cautious, and the market focus is stable with a downward trend.

On the supply side, the utilization rate of industry capacity has significantly improved, the market supply has increased, and the expected increase in market supply of goods has weakened the support on the supply side.

On the cost side, raw material calcium carbide: The power restrictions in Inner Mongolia have eased, and the market supply capacity has increased. With the rise in prices in the early stage, trade inversion has led to a trading environment list. Raw material methanol: The domestic methanol market continues to rise. As of 10:00 am on November 29th, the domestic methanol Taicang price is 2548 yuan/ton. The prices of raw materials such as calcium carbide and methanol have been consolidating at a high level, and the cost of BDO has been affected by favorable factors.

On the demand side, most downstream industries such as PTMEG, PBAT, and polyurethane have reduced production loads due to equipment load reduction or maintenance, resulting in a decrease in raw material digestion. The demand side of BDO is negatively affected.

In the future market forecast, the supply of goods in the market will increase, while the pace of downstream demand will follow suit. Spot trading volume will be light, and the supply-demand contradiction will intensify. The BDO analyst from Shengyi Society predicts that the domestic BDO market is weak and consolidating.