According to the Commodity Market Analysis System of Shengyi Society, from October 20th to 24th, the domestic BDO price remained at 7465 yuan/ton, with a month on month decrease of 0.76% and a year-on-year decrease of 6.34%. The domestic BDO market is operating on a wait-and-see basis, with fluctuations still present in the equipment sector, low industry capacity utilization rates, and continued loss pressures. Supply side policies are tightening to support the market. Follow up on downstream contracts. Spot purchases are light and resistant to high prices, and the supply-demand game continues, making market fluctuations difficult.

In terms of supply and equipment, Junzheng and Xinye Phase I equipment have restarted, Shaanxi Black Cat equipment has slightly increased in negative operation, while Shuguang Green Hua equipment has been shut down for a short period of time. The industry’s capacity utilization rate is still low, and supply side support still exists. The supply side of BDO is expected to be affected by favorable factors.
In terms of cost, raw material calcium carbide: The domestic calcium carbide market is operating steadily, but the overall supply in Inner Mongolia is still unstable due to the continuous impact of orderly electricity consumption. With the gradual resumption of maintenance in downstream areas such as Inner Mongolia, Shanxi, and Ningxia, there has been a significant increase in downstream demand. Raw material methanol: The domestic methanol market is mainly sorted out. As of 10:00 pm on October 23, the reference price for domestic methanol in Taicang is 2245 yuan/ton. Raw material calcium carbide remains stable, methanol is weakly consolidated, and the cost of BDO is affected by unfavorable factors.
On the demand side, downstream PTMEG production has slightly declined, while industries such as PBT, GBL-NMP, and PBAT have seen an increase in load, leading to an overall increase in downstream demand and a situation of supply shortage in the market. The demand for BDO is influenced by favorable factors.
In the future forecast, there will be no significant changes in fundamentals, and the supply-demand game will intensify. BDO analysts from Business Society predict that the BDO market will mainly focus on maintaining stability and consolidation.