I. price trend

According to the sample data monitored by the business association, as of December 2, the average price of domestic BDO market was 9780 yuan / ton, with a 2.73% increase on a month on month basis and a 7.74% decrease on a year-on-year basis.

II. Market analysis

Products: the BDO market in China is narrowed, the starting load of the factory is steadily increased, coupled with the recent impact of imported goods, the supply side is good and the support is limited, the downstream demand is weak, the market price is reduced, the factory’s intention to support the market continues, the offer is firm, and the market single negotiation atmosphere is general. East China and North China’s mainstream negotiations refer to 9000-9400 yuan / ton bulk water delivery, and the barrel acceptance negotiation price is 9900-10500 yuan / ton. South China’s mainstream negotiation refers to 9100-9400 yuan / ton, and barrel acceptance negotiation price is 10000-10500 yuan / ton.

In terms of the market, the BDO market in North China was in a high-level consolidation, and the factory had a strong attitude towards the market. The downstream just needed to make up the position. The buying enthusiasm was low, and the resistance to high prices was strong, and the on-site waiting atmosphere was strong. The BDO market in East China was narrowed and the on-site start-up load was slightly increased. However, the factory inventory was not under pressure, and the intention to support the market continued. The offer from the middlemen was stable, the downstream demand was general, the price depression was strong, and the on-site small single negotiation price was on the high side. The BDO market in South China was in shock and consolidation, the downstream demand was weak, the buying enthusiasm was low, the factory’s intention to keep the price was high, the price was low, and the atmosphere of large single negotiation was relatively cold.

Industry chain: in terms of raw materials, methanol, the northwest price this week may be relatively strong; pay attention to the external procurement of new MTO units in Luxi; Shaanxi Kaiyue and Yigao units plan to resume sales this week; Ma narrow range adjustment. Although last week partial snow, but enterprise inventory is not high, this week Inner Mongolia and other places price or relatively strong. The downstream is cautious in receiving goods, and the trader’s mentality is stable for the time being. Port inventory remained high, arbitrage between port and Shandong existed in different stages, and Ma was adjusted in a narrow range. It is expected that the methanol market in China will be mainly consolidated in a narrow range in the short term.

Calcium carbide: the market price range of calcium carbide in Ningxia is sorted out. The main factory price of the first-class calcium carbide is about 2550-2650 yuan / ton. The overall operating rate of the enterprise is acceptable, and the downstream reception level is acceptable. It is expected that the calcium carbide Market in Ningxia will not fluctuate much in the later stage.

III. future forecast

On the whole, on the positive side, the manufacturers are willing to support the market, and some of them are under maintenance. On the negative side, downstream demand is weak. BDO analysts predict that the short-term domestic BDO market is stagnant and needs to focus on the restart of Tianye and downstream buying.