BDO: Three times the 30,000 yuan mark within the year

Since the beginning of September, the domestic 1,4-butanediol (BDO) market has risen again, breaking through the 30,000 yuan (ton price, the same below) for the third time this year

The industry generally believes that under the support of tight supply and good demand, the BDO market will likely maintain a high operating trend in the later period

The price breaks another 30,000 yuan

"This round of rising market is more from the positive support from the supply side

By convention, August to September each year is a routine centralized maintenance period for BDO companies

"In addition, the limited spot liquidity is also the main factor supporting this round of BDO rebound

In addition, the Xinjiang Tianye and Shaanxi Shaanhua plants that were previously suspended have not restarted.

On October 22, the ex-factory price of Kaixiang Chemical and Henan Energy reported 31,000 yuan; on October 23, Sunway Huabang quoted 33,000 yuan; on October 25, Xinjiang Tianye quoted 31,500 yuan, all exceeding 31,000 yuan

　　Supply side support continued

　　"At present, the overall operating rate of the BDO industry is still not high, and the support from the supply side will continue

　　Recently, Xinjiang Tianye's 2 sets of 60,000-ton/year BDO installations were shut down during the National Day and have not yet restarted; Shaanxi Shanhua shut down on September 8 to replace the catalyst, and the installation has not yet restarted; Yanchang Petroleum will shut down for maintenance on September 6, and it is expected to be shut down for maintenance.

　　From a macro perspective, Ma Yucheng believes that the supply of natural gas and limited logistics and transportation will also have an impact on the supply of BDO

　　This winter, the tightening of natural gas supply will affect some BDO units of the natural gas-to-acetylene process

　　At the same time, the recent rebound of the epidemic in many places has also restricted the transportation of some freight stations, and the blockage of Xinjiang's source logistics will have an impact on the phased supply of BDO

　　The demand side continues to be strong

　　According to the practice of previous years, September to November is the peak period of BDO demand

　　According to Ma Yucheng, at present, the PTMEG and r-butyrolactone industries are in good condition and their profits are maintained at a relatively healthy level

　　In terms of new capacity, one set of 100,000-ton/year PTMEG and two 60,000-ton/year PBT devices are planned to be put into operation before the end of this year