According to the Commodity Market Analysis System of the Business Society, the domestic BDO market fell first and then rose in June, with a consolidation of fluctuations. From June 1st to 26th, the average price of domestic BDO increased from 11300 yuan/ton to 11422 yuan/ton, with a price increase of 1.09% and a maximum amplitude of 4.39% during the cycle. The price decreased by 47.70% year-on-year.

The main factor affecting the BDO market situation this month is still supply and demand. The supply side price increase of production enterprises drives the market atmosphere. However, downstream demand is mainly in demand, and the transmission is not smooth. The downstream industry has increased resistance to high prices. The supply and demand sides negotiate and play games, and it is difficult to have a significant breakthrough in the BDO market situation.

Cost side, raw material calcium carbide: In June, the domestic calcium carbide market was weak and sorted out, with a decrease of 7.94% during the month. At present, the downstream unloading trucks are at a high level, and there have been maintenance landings in Shanxi, Shandong, and Heilongjiang regions, resulting in regional weakening of demand. In terms of methanol, the domestic methanol market fluctuated narrowly in June, with a decrease of 3.70% during the month. The market for methanol raw material coal has rebounded, but the overall circulation volume of the domestic methanol market is relatively large, and the supply-demand contradiction still shrouds the methanol market. Recently, the market for calcium carbide and methanol has been operating at low levels, and there is currently no significant improvement in the cost of BDO.

On the demand side, PTMEG and PBT in downstream industries are slightly higher in construction, but both maintain contract procurement, and spot replenishment is not actively high. The atmosphere of inquiry in other downstream markets has increased, but the actual order release is low, and the ability to accept high prices is weak due to poor cost transmission, suppressing the trend of the BDO market. Short term BDO demand side biased bearish impact.

In the future, it is predicted that with the restart of maintenance equipment, the overall market supply will increase. At the same time, the downstream of the terminal will be in the off-season, and there will be no significant increase in raw material digestion in the short term. BDO analysts from Business Society predict that the domestic BDO market may fluctuate and consolidate.