1、 Price trend
According to the sample data monitored by the business agency, as of February 27, the average price of domestic BDO market was 9680 yuan / ton, with a 1.18% month on month drop in price and a 2.84% year-on-year increase.
2、 Market analysis
| Benzalkonium chloride |
Product: BDO market in China is light. The unit starts at a low level, and the downstream load is also not high, showing the illusion that supply and demand are weak. In fact, the BDO inventory is high and pressure bearing, and the manufacturer’s shipping mentality is low. However, the downstream receiving capacity is poor, the actual single delivery and investment are weak, and a very small amount of low price transactions are heard. The listing guidance in March is general. There are differences between the mentality of both the supplier and the demander. The supplier is more stable, the demander is more bearish, the supply-demand game is a hacksaw, the operator is multi-dimensional and stable, waiting for more information and guidance.
In terms of market, BDO market in South China is waiting to be sorted out. The inventory in the site is under pressure, the downstream load is low, and the consumption capacity is very weak. Under the support of some manufacturers’ shipping mentality, a small amount of low-cost negotiation is kept, and the overall stability is the main factor. The BDO market in East China was consolidated and operated. At present, the on-site inventory is still at a high level, the downstream demand continues to be weak, and the spot delivery is difficult. It is heard that the inventory is sold at a low price, but the overall situation is still stable.
Industrial chain: in terms of raw materials, methanol, methanol market narrow range finishing, good transaction atmosphere. The main price in Inner Mongolia has stabilized to 1600-1650 yuan / ton spot exchange, mainly for olefins. Guanzhong region is mainly maintained at 1650-1700 yuan / ton ex factory spot exchange, and the contract is mainly executed in the second half of the week. The latest price in Ningxia this week is 1650 yuan / ton ex factory spot exchange, with general negotiation atmosphere. The price of main olefin factory in Xinjiang is 1640 yuan / ton.
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Calcium carbide: the domestic calcium carbide market is in stable operation as a whole, and the production enterprises are actively shipping. At present, the mainstream factory price in Wuhai is 2700-2750. It is known that there will be a reduction of 50 yuan / ton in North China, which will aggravate the overall bearish mentality of the market. At present, the downstream demand of calcium carbide has not recovered, the demand is weak, and the overall trend is weak and hard to change. It is expected that the market price of calcium carbide will be reduced.
3、 Future forecast
At present, in order to promote reform, the supplier has a clear attitude of supporting the market and seeking stability; in order to reduce the cost pressure in the downstream, the bearish expectation increases. However, the demand in the middle and lower reaches is light, and there is no substantial trading for reference. BDO analysts predict that the short-term domestic BDO market is mainly stable, focusing on downstream commencement and actual single transaction.
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