This week, the domestic BDO market continued to decline, and the poor transportation suppressed the further opening of downstream demand. The factory released the news of later maintenance or agent change, which boosted the industry. The hollow state changed slightly, and the market decline slowed down.

According to the sample data monitored by the business agency, from March 25 to April 1, the domestic BDO market price fell from 27870 yuan / ton to 27240 yuan / ton. The price fell by 2.26% during the week, 2.92% month on month and 8.67% year-on-year. In terms of market price, the mainstream of spot apron in East China negotiated 26500-26800 yuan / ton; The mainstream negotiation of spot bulk water in South China is 26800-27000 yuan / ton.

In terms of upstream raw materials, raw calcium carbide: raw calcium carbide is supported by cost. Although downstream enterprises plan to start maintenance recently, resulting in weaker demand and lower calcium carbide price, the decline is limited under the support of cost.

Comparison chart of calcium carbide (upstream raw material) – BDO price trend of business society:

In terms of methanol, the support of coal price for methanol production cost is weakened, and the short-term supply may increase, but the demand side changes little. The methanol market may fluctuate with the international crude oil price. Therefore, the cost side support of BDO is weakened.

Comparison chart of methanol (upstream raw material) – BDO price trend of business society:

The overall start-up in the downstream is still low. At the same time, some industries such as THF, PBT and GBL are restricted by the decline of raw materials and light demand, which aggravates the bearish mood in the floor. The downstream market is not willing to make up positions, maintain the follow-up of just needed contract orders, and be cautious in spot procurement and keep prices down.

In terms of devices, Xinjiang Tianye has an annual output of 210000 tons. The device was shut down for maintenance for one month on March 25; The second phase of the unit with an annual output of 204000 tons in lanshantun River, Xinjiang was restarted on March 25 and is now in stable operation; The 130000 T / a unit of Shaanxi Chemical Co., Ltd. plans to replace the catalyst at the end of April; Shaanxi black cat plant with an annual output of 60000 tons is expected to store and change agents in May; The unit with an annual output of 100000 tons in Dongyuan, Inner Mongolia was overhauled for ten days on April 6; The annual output of 150000 tons of plant in Panjin Dalian is expected to be overhauled in early April for one month; The unit with an annual output of 40000 tons in Meizhou Bay, Fujian will be shut down and relocated in early October 2021.

At present, the units of many major production enterprises are still in the maintenance stage, and there are many units that will replace the catalyst in the next step, and the overall supply is relatively reduced. There is also a situation of device maintenance in the downstream industry in the short term, with weak supply and demand. BDO analysts of business agency expect that the domestic BDO market is mainly sorted out.