Ethylene Glycol Butyl Ether/Diethylene Glycol Butyl Ether: Imports Were Relatively Stable in August, but Still Controllable in September

In August 2022, there were many delays in the arrival of ethylene glycol butyl ether/diethylene glycol butyl ether in China, and the market supply pressure was limited. The market seller's offer rose first, the follow-up demand was flat, and the market negotiated the price down. In September, the supply of foreign companies is normal, the demand side has certain expectations, and the gap between the supply and demand side is likely to narrow. The market is expected to stop falling in September.

The arrivals in August rose slightly, and the overall pressure was controllable

In August, the cost of domestic ethylene glycol butyl ether/diethylene glycol butyl ether was low, and the importers' intention to receive orders improved. The overall import in August increased, but most of them were concentrated in the middle and late days. Therefore, domestic ethylene glycol in the middle and early days The supply and demand of butyl ether/diethylene glycol butyl ether are relatively balanced, which is favorable for the market sentiment. Specifically, the arrival of Saudi Arabia in August was relatively normal, South Korea resumed supply, Malaysia resumed supply, and Taiwan Province arrived normally. The total import of ethylene glycol butyl ether/diethylene glycol butyl ether in August is expected to be around 14,000 tons. .

Imports are relatively sufficient in September, and there are certain expectations on the demand side

According to incomplete research, China's imports of ethylene glycol butyl ether/diethylene glycol butyl ether in September 2022 are expected to arrive at around 14,000 tons, maintaining a relatively normal level. Considering that there are certain expectations on the demand side, the supply and demand side is expected to remain stable. control the situation.

The price of the outer disk in August was low, and there was little room for fluctuation in September

Judging from the external market situation, the US dollar price of ethylene glycol butyl ether in East China in early August refers to US$1,100/ton CFR China. The US dollar price of diethylene glycol butyl ether refers to 1300 US dollars / ton CFR China. In mid-August, the US dollar price of ethylene glycol butyl ether in East China was referenced at US$1050-1100/ton CFR China. The US dollar price of diethylene glycol butyl ether refers to 1300 US dollars / ton CFR China. In August, the US dollar price of ethylene glycol butyl ether in East China refers to 950-1000 US dollars / ton CFR China. The US dollar price of diethylene glycol butyl ether refers to 1180 US dollars / ton CFR China. In August, the price of external disks was already close to the production costs of some foreign companies. In September, Lotte and Donglian have limited room for subsequent profit margins. Therefore, the cost aspect may become one of the important factors for the market to stop falling.

After prices return to normal levels, the impact of raw materials gradually emerges

In September, the gap between market supply and demand is controllable. After industry profits are gradually compressed, market sellers have limited room for subsequent profit. Considering that the current market price is relatively normal, Zhuo Chuang Information expects domestic ethylene glycol butyl ether/diethyl ether in September. The glycol butyl ether market first fell and then rebounded. It is recommended that the industry participate in the market flexibly.