tert-Butyl peroxymaleate

Recent Market Dynamics Intelligence

1. **Price Trends**
- The market price of tert-butyl peroxybenzoate (TBHPB) in major domestic production regions has recently shown a slight upward fluctuation. Over the past week, prices in the East China region rose from [X1] yuan per ton to [X2] yuan per ton, representing an increase of approximately [X3]%; in the South China region, prices increased from [X4] yuan per ton to [X5] yuan per ton, marking a rise of [X6]%.
- Internationally, prices for tert-butyl peroxybenzoate in Asia have also risen, primarily driven by increasing export prices from China. The FOB price from major Chinese ports increased from [X7] USD per ton to [X8] USD per ton, with a growth rate of [X9]%.

2. **Supply Situation**
- Due to recent equipment maintenance at some domestic production facilities, operational rates have declined. For instance, a large production enterprise in Shandong plans to conduct equipment maintenance for [X10] days, which is expected to reduce output by approximately [X11] tons, leading to a temporary tightening of market supply.
- Regarding imports, the volume of tert-butyl peroxybenzoate has decreased due to rising international shipping costs and adjustments in export policies in certain countries. Over the past month, import volumes declined by [X12]% compared to the previous month.

3. **Demand Situation**
- Overall downstream demand has shown a trend of stability with slight growth. In the coatings industry, driven by the gradual recovery of the real estate market and the advancement of infrastructure construction projects, demand for tert-butyl peroxybenzoate has increased, with some coating enterprises expanding their procurement volumes.
- In the plastic modification sector, stricter environmental regulations have boosted demand for high-performance plastics, thereby driving the demand for tert-butyl peroxybenzoate as a modifier. Some plastic processing enterprises have increased their inventory of this product.

4. **Cost Aspects**
- The prices of key raw materials, maleic anhydride and tert-butanol, have remained relatively stable recently. The market price of maleic anhydride is around [X13] yuan per ton, while tert-butanol is priced at approximately [X14] yuan per ton. These factors have had minimal impact on the production cost of tert-butyl peroxybenzoate.
- Energy costs, including electricity and natural gas, have fluctuated slightly, but the overall impact on production costs remains limited.

Analysis and Judgment

1. **Supply Side**: Equipment maintenance at production enterprises and reduced import volumes have led to a decrease in market supply. In the short term, this will support prices and drive further increases.

2. **Demand Side**: The steady growth in downstream demand, particularly in the coatings and plastic modification sectors, will further stimulate procurement of tert-butyl peroxybenzoate, supporting upward price movement.

3. **Cost Side**: Raw material and energy costs remain relatively stable, so cost factors have minimal influence on price fluctuations. Price movements are primarily driven by supply and demand dynamics.

Forecast

1. **Short-Term (1-2 Weeks)**: Affected by reduced supply and increased demand, the market price of tert-butyl peroxybenzoate is expected to continue rising. Prices in the East China region are projected to reach approximately [X15] yuan per ton, while prices in the South China region are expected to rise to around [X16] yuan per ton.

2. **Medium-Term (1-2 Months)**: As equipment maintenance concludes and operational rates recover, market supply will gradually increase. If downstream demand continues to grow steadily, prices will remain at a high level with volatility; however, if demand growth falls short of expectations, prices may experience a certain degree of correction.

3. **Long-Term (3-6 Months)**: Attention should be paid to the development trends of downstream industries and fluctuations in raw material prices. If downstream industries continue to perform well and raw material costs remain stable, the market price of tert-butyl peroxybenzoate is likely to remain relatively stable within a reasonable range. Conversely, if downstream demand declines or raw material prices rise, the price will face downward pressure.