1、 Price trend

The domestic BDO market is mainly stable. According to the sample data monitored by the business agency, as of February 17, the average price of the domestic BDO market was 9945 yuan / ton, up 1.52% month on month, up 3.32% year on year.

2、 Market analysis

Products: the demand side of domestic BDO market recovers slowly, and the market is still stable. Crane coal was temporarily suspended due to the failure of air separation unit on the 17th, and the restart time is uncertain; other units are temporarily stable and the inventory of each unit is accumulated. The main downstream PBT and PTMEG load is low, the other downstream resumption process is slow, and the consumption capacity is limited. Moreover, the transportation is not recovered, the on-site inventory needs to be digested urgently, and the manufacturer’s shipping mentality. The inquiry list is in a general atmosphere, with a small amount of stock. The company will continue to offer before the festival.

In terms of market, BDO market in South China has been consolidated and operated. Downstream construction continued at a low level, with limited consumption capacity. At the same time, limited by transportation, factory inventory accumulation, shipping mentality, on-site physical single delivery is weak, and the industry is waiting. The BDO market in East China is running smoothly. Downstream construction is still at a low level, and transportation has not yet recovered, and the factory inventory is under pressure. However, the enthusiasm of inquiry in the middle and lower reaches is not high, the actual order transaction is even less, and the market focus has no obvious change.

Industry chain: in terms of raw materials, the market of methanol and methanol is generally stable, and the delivery situation is slightly improved. The main price in the north line of Inner Mongolia is 1500-1530 yuan / ton of ex factory spot exchange, which is flat compared with last week. The part of the south line has risen to 1550 yuan / ton of ex factory spot exchange, and the focus of discussion has moved up slowly. In Guanzhong area, the main transaction is 1500-1600 yuan / ton of ex factory spot exchange, and the market inquiry will increase.

Calcium carbide: the ex factory price of domestic calcium carbide is increased by 50 yuan / ton again, and the mainstream ex factory price in Wuhai is 2750-2800 yuan / ton. The shipment is smooth, and the downstream procurement is active. With the recovery of transportation and the alleviation of the rain and snow in North China on transportation, the recent downstream arrival volume is gradually improved. It is expected that the domestic calcium carbide market will be stable in the short term. In the early stage of Henan, in order to attract sources of goods, the purchase price will be increased With the recovery of transportation, the cancellation of high-speed fee has reduced part of the cost.

3、 Future forecast

On the whole, the price of raw methanol has been lowered, and BDO’s profit margin is still reasonable. On site inventory is more abundant, and the manufacturer keeps the mentality of shipping. However, the downstream demand side continues to be weak, and there are still problems in transportation. BDO analysts predict that the short-term domestic BDO market will be light and tidy, and they will continue to pay attention to transportation and downstream resumption.