Recently, the domestic BDO market has continued to rise. According to the sample data monitored by the business agency, since the National Day holiday, the BDO market price has gone up step by step. On October 9, the average price of domestic BDO producers was 8800 yuan / ton. As of November 11, the average price of domestic BDO producers was 12000 yuan / ton, with a 36.36% increase in the weekly price, a 35.44% rise in price on a month-on-month basis, and a 26.05% increase year-on-year. The continuous rise of BDO price is the only long-term sharp rise in the long-term downturn of BDO market in recent two years.
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Some enterprises announced the settlement price in October and the listing price in November:
Settlement in October (bulk water delivery) listing in November (bulk water delivery)
Xinjiang Meike Chemical Co., Ltd. $9500 / ton East China, 9650 yuan / ton South China East China 10800-11500 yuan / ton, South China 11000-11600 yuan / ton
Xinjiang Lanshan Tunhe Chemical Co., Ltd. East China 9500 yuan / ton, South China 9600 yuan / ton, East China 11000 yuan / ton, South China 11200 yuan / ton
The main reason for the sharp rise of BDO market is that due to the impact of domestic BDO device shutdown or maintenance, the spot supply continues to be tight; while the downstream industries start relatively high, and the demand for contract procurement external inventory replenishment is in short supply. The supply of goods in the hands of manufacturers is in short supply, and some manufacturers arrange orders for delivery within 15-20 days. At present, most manufacturers are basically out of stock, and the offer continues to rise.
In terms of the plant, Shaanxi Ronghe will restart on November 12; Dongyuan will be overhauled on October 30, which is expected to restart on November 20; Hecheng coal will be overhauled around 15 days, with an estimated 20 days.
At present, the spot supply is still tight, and some manufacturers have disclosed that the transaction price is about 13000 yuan / ton. BDO analysts predict that the domestic BDO market will remain high in the short term.
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