BDO Market is Gloomy in East China

Published: 11 Nov 2009 18:59:09 PST

PUdaily, Shanghai-BDO prices are under chaos in the east today. Currently, quotations from traders and agents are much lower at RMB11500/t while of most sellers quote at RMB11800-12000/t. The low prices in the markets have wavered market players' mentality with pessimistic expectation for future markets.

Concerning BDO facilities, Shanxi Shanhua keeps low operation rates, mainly serving for GBL and PU factories. In Nanjing BlueStar, they face great pressure in costs due to high increase for its feedstocks of maleic anhydride; as a result, the company has to reduce running rates.

For the moment, in East China, BDO bulk stocks are transacted at RMB 11600-11800/t. As to drum stocks, stocks from Taiwan are offered at RMB13000-13500/t while Mitsubishi and BASF stocks are at RMB16000-16500/t.