Since the beginning of this week, the ethylene glycol butyl ether market has continued its downward trend and the market has been sluggish. The increase in domestic sources of supply coupled with the arrival of port butyl ether to Hong Kong has led to ample stocks, while the downstream demand for butyl ether has been difficult to recover. In the state of supply-demand imbalance, the mentality of the butyl ether industry has weakened, and the low price is the mainstream, and the offering price has narrowed lower. Up to now, the low-end butyl ether supply in East China Port has been quoted at 11,400 yuan/ton, and the butyl ether in South China Port has been offered at 12,100 to 12,200 yuan/ton. As regards raw materials, ethylene oxide and n-butanol are at relatively high levels, and the profit space for domestic butyl ether is gradually compressed. The follow-up of n-butanol still has an extension trend. The raw material surface will support the bottom of butyl ether at a certain level. In the short term, the market still has some room for decline under the imbalance between supply and demand in the butyl ether market, focusing on follow-up raw material and downstream demand guidance.
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