BDO Market Operation

Price Trend

According to the sample data monitored by business associations, the average price of domestic BDO market was 9520 yuan/ton as of October 9, rising by 2.59% annually and falling by 11.03% year on year.

II. Market Analysis

PVA

Products: Domestic BDO market is tidied up and running, some factories start abnormally, supply is tight, traders offer temporarily stable and temporarily negotiate shipment, downstream demand is still acceptable, the future market needs to pay attention to the plant information of manufacturers, BDO market is expected to reorganize operation.

On the market side, the BDO market in East China is on the lookout for consolidation, the reference quotation for bulk water supply is 8700-9100 yuan/ton, the barreled part of the market is 9600-10000 yuan/ton, the supply of goods on the spot is tight, the quotation of traders is temporarily stable, the downstream demand is much longer, and the future market pays close attention to the dynamics of manufacturers’equipment. The BDO market in South China is deadlocked. Bulk water quotation refers to 8700-9100 yuan/ton. Some barrel orders are 9600-10000 yuan/ton. Some manufacturers have delayed restarting. On-site supply is tight. Downstream demand maintains long or small orders to follow up. Traders’quotations are temporarily stable. The future market needs to pay attention to factory information.

Industry chain: As for raw materials, methanol: the main methanol producing area in Northwest China has little inventory pressure, the overall supply is tight, and some plants have parking plans. The mindset of the operators is positive, and the price of guidance continues to rise substantially at the beginning of the week. Local traders are motivated by market conditions, but there are still a few areas that are mainly on the first day after the festival, with high prices. On the port side, the situation of replenishment after the festival is different, the local demand is stable and good, and the daily volume is still acceptable. After National Day holidays, short-term downstream replenishment operations or play a certain role in promoting the market. Traditional downstream demand savings are expected to recover, and the supply and demand pattern in the Mainland may continue to improve.

PVA 0599 (PVA BF05)

Calcium carbide: Calcium carbide market is stable with partial decline. The downstream demand side is shrinking gradually, and the inventory pressure of some enterprises is increasing. Market trading atmosphere is general, downstream enterprises overhaul, procurement enthusiasm has decreased. It is expected that the price of domestic calcium carbide market will continue to decline steadily in the short term.

3. Future Market Forecast

The factory has a stable start-up, general inventory pressure and a price-fixing mentality. However, weak downstream demand is still the most important factor restricting the rise of BDO prices. Businessmen are calm and waiting for more information to guide them. Business agency BDO analysts expect short-term consolidation of the domestic BDO market, focusing on the downstream stock situation.

POLYVINYL ALCOHOL