Price Trend
The domestic market climate of BDO has been narrowly warming up. According to the sample data monitored by business associations, the domestic market price of BDO was 9520 yuan/ton at the beginning of the week and the weekend. The price rose by 2.59% annually compared with the same period last month, and the price fell by 14.07% compared with the same period last year.
II. Market Analysis
Product: This week, the domestic BDO market is going up narrowly. Zhongyu statistics showed that about 51.7% of the acetylene-aldehyde process plant was started, while the Xinjiang Tianye BDO plant was stopped and repaired, and the restart time was uncertain. The BDO plant in Lanshan Tunhe, Xinjiang, and Dongyuan, Inner Mongolia will be restarted and run again. The supply of the BDO plant will increase or the supply will be eased. In the latter part, we will continue to pay attention to the plant dynamics and downstream demand. It is expected that the BDO market will be reorganized and operated next week.
Installation, this week, Kaixiang in Henan plans to start after National Day; Tianye in Xinjiang plans to start 30,000 tons per year normally, while the rest plans to start after National Day; Dongyuan 100,000 tons per year in Inner Mongolia overhauls on August 13, with the restart time pushed to September 20; Tunhe in Lanshan, Xinjiang, about 100,000 tons per year, stops and overhauls on September 10, with a plan of about 15 days. No planned changes in other devices were heard. This week, the overall opening rate of the market remained around 56.3%.
| Thiourea dioxide |
As for the market, as of Friday (10.12), the BDO market in eastern China has been reorganized and operated. The reference quotation for bulk water supply is 8700-9200 yuan/ton, the barreled part of the market is 9600-10000 yuan/ton, the supply is on the tight side, the manufacturers have a strong market intention, the low-end supply is reduced, the downstream part maintains a long contract, some small orders follow up, traders ship on the market, and the future market pays close attention to the news of plant installations. South China BDO market reorganization operation, bulk water quotation reference 8700-9200 yuan/ton, market barrel part of small orders 9600-10000 yuan/ton, some manufacturers inventory is low, spot tension, downstream purchasing more to maintain a long contract, traders offer temporarily stable, some small orders to discuss high-end, the market needs to pay attention to plant news.
Industry chain: In terms of raw materials, although calcium carbide showed a downward trend this week, the cost-side advantage of BDO still exists. Some production enterprises have abnormal start-up of BDO devices, low factory inventory, shortage of spot supply in the field, and few low-end sources have been heard of. Traders’offer is stable for the time being. They ship goods on the market along with them. The downstream demand has improved slightly. Most of the purchases are long-term. Some of the small orders are more active, and the negotiations are high-end.
Methanol: As for raw materials, with the gradual cooling of replenishment enthusiasm, the delivery rate of methanol market slows down, but the inventory of manufacturers is still low, and the game between supply and demand begins to highlight.
| Thiourea |
Downstream, PBT: 100,000 tons/year PBT plant in Kaixiang, Henan is still parked, barrel goods are not quoted; 60,000 tons/year PBT plant in Xingxing, Nantong is restarted, barrel goods are not quoted; 80,000 tons/year PBT plant in Yizheng Chemical Fiber is in normal operation, barrel goods are not quoted; 60,000 tons/year PBT plant in Meizhou Bay, Fujian is in operation and normal 12500 offer.
3. Future Market Forecast
BDO factory starts up slightly. At present, the inventory of the factory is low, the cost is firm, and the downstream demand is average. BDO analysts of the business agency predict that the BDO market will operate in a narrow range next week.
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