1、 Analysis of Price Fluctuations in Ethylene Glycol Butyl Ether Market

 

Last week, the ethylene glycol butyl ether market experienced a process of first falling and then rising. In the early stage of the week, the market price stabilized after a decline, but then the trading atmosphere improved and the focus of transactions shifted slightly upward. Ports and factories mainly adopt a stable price shipping strategy, and new order transactions maintain stable operation. As of the close, the self pickup reference price for Tianyin butyl ether loose water acceptance is 10000 yuan/ton, and the cash quotation for imported loose water is 9400 yuan/ton. The actual market price is roughly around 9400 yuan/ton. The actual transaction price of ethylene glycol butyl ether dispersed water in South China is between 10100-10200 yuan/ton.

 

 

2、 Analysis of the supply situation in the raw material market

 

Last week, the domestic price of ethylene oxide remained stable. Due to multiple units still being shut down for maintenance, the supply of ethylene oxide in East China continues to be tight, while the supply in other regions remains relatively stable. This supply pattern has had a certain impact on the raw material costs of the ethylene glycol butyl ether market, but has not caused significant fluctuations in market prices.

 

3、 Analysis of the Upward Trend in the N-butanol Market

 

Compared with ethylene oxide, the domestic n-butanol market shows an upward trend. At the beginning of the week, due to low factory inventory and tight market supply, downstream procurement enthusiasm was high, resulting in increased prices and leading to a slight increase in market prices. Subsequently, with the stable demand for downstream DBP and butyl acetate, it has provided certain support to the market, and the mentality of industry players is strong. Mainstream factories are selling at high prices, while downstream companies maintain on-demand procurement, resulting in a further increase in market prices. This trend has put some pressure on the cost of the ethylene glycol butyl ether market.

 

4、 Supply and demand analysis of ethylene glycol butyl ether market

 

From the perspective of supply and demand, there is currently no maintenance plan for the factory in the short term, and the operation situation is temporarily stable. Part of the butyl ether arrived at the port within the week, and the spot market continued to increase. The overall operation of the supply side was relatively stable. However, downstream demand is still weak, mainly focused on essential procurement, with a strong wait-and-see attitude. This leads to the overall or stable weak operation of the market, and there will be significant upward pressure on prices in the future.

 

5、 Market outlook and key focus for this week

 

This week, the raw material side of epoxyethane or sorting operation, n-butanol market is relatively strong. Although the cost has limited impact on the ethylene glycol butyl ether market, the arrival of some butyl ether at the port this week will improve the market supply situation. At the same time, the downstream maintains essential procurement and has no intention of stockpiling, which will exert certain pressure on market prices. It is expected that the short-term market for ethylene glycol butyl ether in China will remain stable and weak, with a focus on import shipping schedule news and downstream demand. These factors will collectively determine the future trend of the ethylene glycol butyl ether market.


Post time: Nov-12-2024