A Review of the BDO Market in H1 2018
2018-08-06    [Source:PUdaily]
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PUdaily, Shanghai-- The price movement of BDO in the first half of 2018 was similar to that of last year except for the overall price level. From January to April 2018, the market price continued to rise. In April, it hit the high of RMB 11,850/ton, up RMB 200/ton from the same month one year earlier. From January to March, which was around the Spring Festival holiday, the manufacturers’ operating rate remained low as there were intensive turnarounds of units, which provided a boost to the price. This year’s downward price movement began in April, earlier than last year. The price dropped at an average pace of RMB 200/ton a month. This is primarily due to the sluggish demands from downstream sectors such as PU resins for synthetic leather and PU resin for shoes sole, which had reduced operating rate as a result of the environmental inspection and only made purchase to meet rigid demand...
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