According to the Commodity Market Analysis System of Shengyi Society, from November 11th to 18th, the average price of BDO in China fell from 8842 yuan/ton to 8785 yuan/ton, with a price drop of 0.65% during the period and a year-on-year decline of 11.70%. Recently, there have been frequent fluctuations in the operation and maintenance of the equipment, with a mainly wait-and-see attitude. The industry continues to suffer losses, and suppliers actively support the market, limiting the room for market price fluctuations. The overall downstream demand is average, and there is a game between supply and demand, resulting in a stalemate in the focus of the domestic BDO market.

On the supply side, although some devices unexpectedly stopped, the expected increase in market supply and inventory has weakened the support on the supply side.

In terms of cost, raw material calcium carbide: The regional performance of the calcium carbide market has strengthened, and limited electricity has emerged in Inner Mongolia, especially in the Wuhai area, which has accelerated the tight supply of goods in the market. Recently, the environmental impact in Shandong and Henan regions has weakened, and there has been an increase in demand. Raw material methanol: The domestic methanol market is mainly consolidating. As of 3:00 pm on November 18th, the domestic methanol Taicang price is 2510 yuan/ton. The raw material calcium carbide market fluctuates narrowly, methanol prices remain high and consolidate, and the impact of BDO costs is mixed.

On the demand side, downstream industries except for PTMEG have shown a significant increase in production, while others have stable or declining operations, and overall raw material digestion is average. The impact of BDO demand remains to be seen.

Future forecast: The expected increase in market supply of goods and the weakening of supply side support. The downstream demand side follows up generally, and there is a bargaining sentiment towards raw materials, which is bearish on the market mentality. Business Society BDO analysts predict that the domestic BDO market will mainly focus on consolidation.