The BDO Market is Cooling
2018-11-01    [Source:PUdaily]
PUdaily, Shanghai--Presently, in east China’s spot market for BDO, goods are mostly sold at discounted price through negotiation with orders confirmed. Most of the dealers have strong willingness to hold price at the current level. Bearish on the market, downstream manufacturers only make purchase to meet their rigid demands. Thus, the overall demands continue to be weak, and the actual transactions are limited. The reference price of BDO in east China stands at RMB 10,400-10,700/ton DEL in bulk by bank draft payment. According to the data from PUdaily, the current BDO cost in China is RMB 11,180/ton, and the profit is RMB -600/ton. This is mainly because the dealers stocked excess inventories previously and downstream demands are weaker than last year. ..
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