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Ethylene Glycol Monobutyl Ether: Weak Shock
Jun 28, 2018

This week, the butyl ether market continued its weak turmoil. The South China market experienced a slight rebound during the week, but it was difficult to stimulate market sentiment. Affected by the devaluation of the renminbi, the cost of import of butyl ether was pushed up, and butyl ether was in a relatively large loss state. Under the pressure of continued costs, some of the butyl ether companies were cautious in their attitudes and stabilized at the bottom. However, in view of the supply and demand situation in the integrated market, the supply of port butyl ether is still abundant and new cargoes still arrive in Hong Kong, while the downstream of butyl ether is affected by environmental safety supervision. The operating rate is low and the overall demand is very limited. Therefore, the contradiction between supply and demand in the butyl ether market is still relatively large, and it is difficult to bring effective support. The short-term butyl ether market or entering the stalemate consolidation stage has limited space for ups and downs. It focuses on market shipments and follows up on the pricing guidelines.