Market and product
China BDO spot import prices set to firm on higher deals, tight supply
Spot import prices of 1,4-butanediol (BDO) into the China market are poised to register gains in the week ending 28 February, market players said on Monday.
According to market players, Asian-origin BDO spot bulk cargoes changed hands in the same assessment week at $1,500/tonne CFR China Main Port (CMP).
In the week ended 21 February, spot prices for import cargoes into China were assessed at $1,400-1,450/tonne CFR CMP, ICIS data showed.
Market players said the main reason for price increase in import prices was snug spot availability of BDO cargoes in the region due to a myriad of factors such as production woes, lowered operating rates due to high feedstock costs and thin margins.
As a result, market players held on to expectations of price increase in the near term amid firmer deals and existing market conditions.
ICIS
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