Market Dynamics: The BDO market in East China is weak and under observation. As the Spring Festival holiday approaches, some downstream plants have shut down and exited the market, leading to significant supply and demand pressure. Holders lack strong operational confidence, resulting in a weak and stagnant market. In South China, the BDO market is operating weakly and sluggishly. Supply is abundant, downstream demand has weakened, and there are no positive fundamentals. Trading market participants maintain a neutral operational mindset, with market focus remaining stable and awaiting guidance.

Price Dynamics: In East China, mainstream spot bulk water negotiations range from 7,300 to 7,500 RMB/ton, while barrel negotiations range from 8,300 to 8,500 RMB/ton (delivered with acceptance). In South China, mainstream spot bulk water negotiations range from 7,500 to 7,700 RMB/ton, while barrel negotiations range from 8,500 to 8,700 RMB/ton (delivered with acceptance). Some companies have announced new settlement prices and listed prices: Company's January settlement (bulk water delivered)