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[Industry Focus]：Raw materials stable, weak demand, ethylene glycol butyl ether market this week or stable weak.

Read： 393 Time：2months ago Source：Jin Lianchuang, Yi Tianxia

Price Fluctuation Analysis of 1. Ethylene Glycol Butyl Ether Market

last week, the ethylene glycol butyl ether market experienced a first down and then up process. In the early part of the week, market prices stabilized after falling, but then the market trading atmosphere improved and the focus of transactions moved up slightly. Ports and factories mainly adopt a stable price shipping strategy, new single transactions to maintain stable operation. As of the close of the market, the self-raised reference price of Tianyin butyl ether bulk water is 10000 yuan/ton, the cash price of imported bulk water is 9400 yuan/ton, and the actual market price is about 9400 yuan/ton. In South China, the actual transaction price of ethylene glycol butyl ether scattered water is between 10100-10200 yuan/ton.

2023-2024年中国乙二醇丁醚价格走势图.jpg

Analysis of 2. Raw Material Market Supply

last week, domestic ethylene oxide prices remained stable. As a number of units are still in the shutdown state, the supply of ethylene oxide in East China continues to be tight, while the supply in other regions is basically stable. This supply pattern has had a certain impact on the cost of raw materials in the ethylene glycol butyl ether market, but it has not caused significant fluctuations in market prices.

Analysis of Upward Trend of 3. n-Butanol Market

compared with ethylene oxide, the domestic n-butanol market is showing an upward trend. At the beginning of the week, due to the low inventory of factories, the tightening of market supply, the enthusiasm of downstream procurement was high, and more price increases were made, resulting in a rise in market prices. Subsequently, with the downstream DBP and butyl acetate demand performance is stable, the market to form a certain support, the industry mentality is strong, the mainstream factory price shipments, downstream to maintain on-demand procurement, market prices rose again. This trend has put some pressure on the cost of the ethylene glycol butyl ether market.

Analysis of Supply and Demand in 4. Ethylene Glycol Butyl Ether Market

from the supply and demand side, there is no maintenance plan for the factory in the short term, and the operation is stable. During the week, some butyl ether arrived in Hong Kong, the in stock on the site continued to increase, and the overall operation of the supply side was relatively stable. However, downstream demand is still weak, mainly to just need to purchase, wait-and-see sentiment is strong. This leads to the market as a whole or stable weak operation, the future price upward pressure is greater.

5. market outlook and focus this week

this week, the raw material end ethylene oxide or finishing operation, positive butanol market strong operation. Although the cost has a limited impact on the ethylene glycol butyl ether market, the arrival of some butyl ether in Hong Kong during the week will improve the market supply situation. At the same time, the downstream to maintain just need to purchase, no hoarding intention, which will form a certain suppression of market prices. It is expected that the domestic glycol butyl ether short-term market or stable weak, focusing on import shipping news and downstream demand. These factors will together determine the future trend of the ethylene glycol butyl ether market.

Source: Jinlianchuang, Huayi World

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