Ethylene glycol monobutyl ether meets blowout inflation and ends in the first half of 2015

wallpapers Industry 2020-12-09
According to the

data, the domestic RMB price of ethylene glycol monobutyl ether (BCS) rose by 28.87% in the past week, taking the latest record of 2800 yuan / ton in a week, which has been continuously declining in BCS The price rose from 9700 yuan / ton in the previous week to 12500 yuan / ton, and the actual transaction was firmly locked in the second highest position of 12200 yuan / ton, making BCS a product category with a sharp increase in the attention of chemical products market last week.

and

review at the end of January, the turbulent ethylene glycol monobutyl ether created a historical position of 8800 yuan / ton, so that the enthusiasm of domestic mainstream businesses to conduct trading has dropped, and the bearish mood has continued. However, the price of monobutylene ether rebounded from the beginning of the Spring Festival to 21.6% after the Spring Festival. During this period, the enthusiasm of mainstream businesses in various regions was high, and the effective follow-up of downstream demand from March to may made the market rise steadily and orderly. However, in May, with the continuous arrival of ocean going ships and the gradual weakening of downstream demand, the weakening of EO fundamentals of raw materials led to the increase of BCS operating rate of Tianyin factory, and the situation of market oversupply was highlighted. As of June 12, the market dropped to 9600-9700 yuan / ton. However, at a time when most people were still immersed in the pessimistic atmosphere brought about by the market downturn, unexpected events occurred. The ethylene glycol monobutyl ether unit with an annual output of 80000 tons / year in the main domestic production plants broke down. The market share of the original domestic imported goods was equal to that of the whole world, and the market supply was sharply reduced. Considering the normal port inventory and the subsequent shortage of ships, the import merchants were forced to take into account At present, the East China glycol monobutyl ether Market offer has risen to 12500-13000 yuan / ton.

and

well, although the sudden price explosion of ethylene glycol monobutyl ether is affected by the failure of Tianyin device, most operators are also considering whether the current super strong market structure has been formed and how long the current high price rise can last? We can not but think deeply about the original reason and be highly vigilant against the hidden crisis factors behind the appearance. Xiaobian thinks that ethylene glycol monobutyl ether suddenly soars. Although the failure of Tianyin device is the fuse, risk factors have appeared when the price rises to 12500-13000 yuan / T. we will mainly focus on the following points:

,

downstream demand side follow-up degree

is understood that at present, the actual transaction price of the East China market only increased to 12300-12400 yuan / ton, while that of South China increased to 12200 yuan / ton, which widened the gap with the price quoted in the current market. At the end of the month, most downstream users' buying plans were limited. Under the pressure of goods, some of the previous high-end offers weakened.

market inventory and shipping date

according to the latest customs data, the overall import volume of ethylene glycol monobutyl ether in May was about 13000 tons, including 10000 tons in East China and 3000 tons in South China This import data is far beyond the expectation of most enterprises. In addition, the market also had an import volume of no less than 6000 tons in June. At present, the overall supply of the market is relatively loose, and the weak demand has gradually increased the pressure on the market to carry goods. Production of

and

domestic devices At present,

understands that when the Tianyin factory will be started is still unknown. The production plants which account for nearly half of the domestic market share suddenly stop production and stop selling, which will cause the market to soar in a short period of time. However, with the passage of time, the market supply and demand fundamentals are gradually becoming more and more peaceful. At present, the market pull-up momentum is gradually slowing down, and the mentality of most businesses is returning to calm. In addition, Yida factory also increased the production of ethylene glycol monobutyl ether, which supplemented the market share to a certain extent. According to the comprehensive analysis of

and

, the overall market growth will slow down after entering July, and some high-end prices may fall in the first ten days of July, but it is not ruled out that the market will be stabilized and the follow-up situation of downstream users should be observed. With the overall tight supply in mid May, the import volume will increase gradually in mid May. In short, after more than two years of downturn, the market has ushered in a historical high, making the first half of 2015 a perfect ending.


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