since the end of june, the price of bdo has been in a roller-coaster decline, from about 23,000 yuan/ton to 10,000 yuan/ton. the editor believes that the main reason for this trend is that the main nstream spandex has fallen sharply, and manufacturers who have unblocked the epidemic have a long backlog and want to take advantage of the resumption of work and production to recover the losses caused by the epidemic in the first half of the year. the strong impact of oversupply led to a sharp drop in the price of bdo in the case of higher profits. as of august 18, 2022, mainstream price negotiations in east china refer to bulk water at 10,000-10,500 yuan/ton, and bulk water will be accepted and delivered.
2020-2022year bdo price chart
affected by the global situation at home and abroad, since 2022 the russo-ukraine war broke out, and all major countries except china have abandoned epidemic control. as a result, the nstream textile industry of spandex terminal continued to weaken due to the sharp drop in demand for clothing and masks. because of the apparent hoarding of goods, spandex manufacturers such as xinxiang chemical fiber and huafon have significantly lowered their operating loads. as of august 18, 2022, the start-up load of the spandex industry is about 58%, which is at a historically low level.
september is approaching, and with the arrival of autumn and winter, the spandex industry is about to enter the traditional peak season. however, the current economic level is sluggish, the domestic youth unemployment rate is as high as 19.9%, and the abnormal high temperature this year continues to persist, the spandex peak season may continue to be put on hold, and the market nturn may continue until october.
as for why the market price of bdo fluctuates so obviously, the main reason is that the pbt industry made breakthroughs in the field of degradable plastics and engineering plastics last year, which greatly reduced the environmental protection pressure of conventional plastics. however, as the nstream daily necessities industry finds that the cost advantage of replacing plastic with paper is more obvious, the nstream demand of the pbt industry is not as good as imagined.
however, the good news still exists. due to the continuous price drop, bdo factories are close to losing money. manufacturers have begun to collectively reduce their load and stop production on a large scale. the operating load has dropped from about 85% at the end of june to about 68% at present. therefore, the contradiction between supply and demand in the bdo market has been greatly eased, and the price is very obvious. due to the approaching supply, the market spot transaction volume has been greatly reduced, and the price has also recovered from the underestimation of 10,000 yuan.
bdomanufacturer device news
in the long run, in the second half of the year, there will still be a number of production trends in the bdo industry. zhongtai meike chemical and inner mongolia dongyuan technology will put into production a new 100,000 tons/year and a new 280,000 tons/year respectively. bdo device. and the nstream spandex industry and pbt industry have no new equipment production or expansion plans. on the whole, it is expected that the price of bdo will rebound to about 11,000 yuan/ton in the near future. if the maintenance of various manufacturers is over, and the nstream continues to slump, and the price of raw materials falls, the price of bdo may drop to 9,000 yuan/ton in the second half of the year. tons of levels.
