The global *,* Butanediol (BDO) market staggered through mid-August ****, burdened by ongoing supply/demand imbalances and slow downstream demand. BDO prices held firm in Germany and the U.S., but the decline in the Chinese market turned bearish sentiment in the market. Traders in all regions remained conservative in purchasing, with a focus on contracting, limits to spot purchases, weak fundamentals, and shipping constraints.
In China, domestic BDO prices fell *.*** from August **-**. This is an **.*** decrease month-over-month and a **.*** decrease year-over-year. BDO FOB Qingdao values collapsed to USD ***/MT, down *.*** from last week to complete a bearish run for the last ** weeks. BDO demand had still was not enough to meet increased supply, even with downstream operating rates in PTMEG, PBT and PU slurries increasing. Traders were trading at the low end of the market, with...
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