in the twelfth China (Shenzhen) International Futures conference of the “Dalian commodity exchange special”, glycol futures contracts and the draft rules of market debut.

In recent years, ethylene glycol market spot price fluctuations have been larger, the industry hope glycol futures market, the enterprise can through hedging in the futures market, the market price risk to resolve the use of market-based instruments.

“From the external environment, in early October, the crude oil market strong run, then the RMB exchange rate continued to depreciate and the overall atmosphere of the hot commodities, led to the recent rise in ethylene glycol. The fundamentals, the arrival of the port has been at a relatively low level, reduce the overall inventory level steadily, the total base is less; the demand side, the downstream polyester factory construction, production and sales, and overall cash flow is more comfortable, the product itself and end a virtuous cycle.” A trader in the East China region said that the recent rise in the price of ethylene glycol is mainly supported by the fundamentals and the external environment of the drive.

“This year, imports of ethylene glycol reduction of 1 million tons.” Anxunsi information manager Shen Ning said that due to foreign and domestic self-sufficiency rate of centralized maintenance device, slight increase of demand in the second half in the first half of the year and led to the recent rise of tight supply of ethylene glycol.

It is reported that, in recent years the glycol spot price fluctuations have been larger, 2010-2015, ethylene glycol annual fluctuations in the price of up to 50%, industrial customers to avoid price risk will is very strong, but only through the local class futures market hedging. “Select the electronic trading platform, our enterprise is helpless choice, if there are futures, we must to the futures market hedging.” An industry source said.