It is expected that the short-term ethylene glycol butyl ether market may rise steadily and slightly
2023/8/7
On the cost side, although ethylene oxide, the main upstream of ethylene oxide, rose sharply during the month, the overall demand was weak. In the second half of the month, due to the unplanned shutdown of multiple sets of EO plants in South China, the price in the region rose, but the market buying atmosphere did not Boosting, mainly to stabilize shipments, within the month, the price of quotations in East China will be 6,000 yuan/ton. The n-butanol market fluctuated upwards, the Northwest installation stopped, and the sales inventory was the main one. The downstream maintained low prices and just needed to buy. month high. At the end of the month, the market price in Shandong was 7200-7950 yuan/ton. During the month, the theoretical cost of domestic ethylene glycol butyl ether rose sharply due to the influence of n-butanol, and the cost side clearly supported the price increase in the butyl ether market.
From the perspective of supply and demand, domestic and imported goods are simultaneously in short supply. In terms of domestic supply, Dana Tianyin's No. 4 device resumed normal operation this month and maintained a fully opened state. However, part of the butyl ether is used for its own use, and traders are hoarding goods, so the spot stock is not much. At present, Tianyin's factory mainly delivers pre-orders In the later stage, the order for dibutyl ether delivery will be around mid-August; in terms of imports, the port inventory is low, and a small amount of Sabik has arrived in the first month of the month, and a small amount of Taiwan dibutyl ether has arrived in the middle of the month. The decrease, coupled with the low installation load of most foreign butyl ether manufacturers, resulted in a sharp drop in the late arrival volume at the port. At present, the inventory of import holders is also at a low position. During the month, importers’ reluctance to sell offers increased, and low-priced goods were gradually withdrawn from the market.
Looking forward to the market outlook, the raw material butanol market may continue to rise, and there are strong voices for the increase of ethylene oxide, and the cost is strongly supported by the market trend. Starting in August, the game between supply and demand may become more intense. Although there is no obvious trend of recovery in downstream demand, the planned maintenance of Petronas butyl ether plant will start in August. The load of butyl ether installations showed a sharp decline in the arrival of imported butyl ether. As the price of butyl ether continues to rise, most downstream users and end users have a wait-and-see mentality. A small number of downstream users maintain just-needed buying. Tianyin has more pre-orders, mainly pre-delivery orders, and the domestic spot supply pattern continues to tighten. Therefore, Factories and ports mainly ship goods at high prices, and there is limited room for negotiation on low prices. It is expected that the short-term ethylene glycol butyl ether market may rise steadily and slightly, and follow-up attention will be paid to the news of import shipping schedules and downstream demand.
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