BDO prices post losses in November on the back of slowing demand and competition from imports.
After the spikes during the pandemic, prices posted downward corrections since the spring.
From the peaks, prices lost almost €2000/mt.
Players experienced a recovery after the summer. But the rebound quickly run out of steam and prices continued their downard direction in October and November.
The lower prices of BDO from imports have placed pressure on domestic prices.
Domestic sellers lowered their offers in line with the competition from imports, but also because of the lower demand.
The current poor demand is also linked to destocking. Therefore, this raises expectations of a rebound early next year.
However, any recovery will be limited by the overall slowdown in demand from waning economic activity not only in Europe but globally.
Butanediol (BDO) is a major feedstock of polybutylene terephthalate (PBT).