According to the Commodity Market Analysis System of Shengyi Society, from March 2nd to 6th, the domestic BDO price rose from 7371 yuan/ton to 7557 yuan/ton, with a price increase of 2.52% during the cycle, a month on month increase of 2.72%, and a year-on-year decrease of 5.07%. The supply of goods has decreased, while the overall downstream demand has increased. Affected by geopolitical conflicts and other factors, other raw materials have surged, driving downstream industries to rise. Moreover, online bidding at a premium has driven the BDO market to bottom out and rebound, with suppliers showing a strong market sentiment.

In terms of supply and equipment, regardless of the BDO equipment being shut down for maintenance or replacement, the supply of goods has decreased and the support on the supply side has been strengthened. The supply side of BDO is affected by favorable factors.
On the cost side, raw material calcium carbide: The calcium carbide market is experiencing a rapid decline, and production companies are actively shipping. Some companies have accumulated inventory and flexible transactions. Raw material methanol: The methanol market has surged significantly. As of 10:00 am on March 2nd, the reference price for domestic methanol in Taicang is 2520 yuan/ton. The weak market for raw material calcium carbide and the rising market for methanol have had a mixed impact on the cost of BDO.
Demand side, downstream industry. After the Yuanxiao (Filled round balls made of glutinous rice-flour for Lantern Festival), downstream factories will gradually resume work, and the demand side will start to work on an overall basis, increasing the digestion of raw materials. The demand for BDO is influenced by favorable factors.
In the future forecast, the supply-demand gap will continue to narrow, supporting the supply side’s support for the market mentality, and the market will slightly fluctuate strongly. Business analyst BDO predicts that the domestic BDO market is expected to rebound and consolidate.