BDO price has been close to the earlier low but demand lacks strong support

BDO price has been close to the earlier low but demand lacks strong support. Price of PTMEG is expected to reduce more. The settlement price of PTMEG is more likely to be lower than 20,000yuan/mt and the price in recent two months may be more close to the earlier low. As a consequence, increasing PTMEG factories may scale down production at the end of Q4 in 2022.