According to the Commodity Market Analysis System of Business Society, as of April 7th, the average quoted price of polyethylene glycol 400 by enterprises is 7550.00 yuan/ton, which is unchanged from the beginning of the month.

Since April, the polyethylene glycol market has continued to operate steadily. The cost face has a significant impact on the polyethylene glycol market. Recently, upstream ethylene oxide has been operating at a high level, and the cost face is still supported by the polyethylene glycol market. The downstream demand for polyethylene glycol is widely used, and the overall performance of the demand side is relatively stable, with a focus on following up on rigid demand. The supply and demand side is generally supported by the market.

Cost side:

Upstream ethylene oxide: According to the commodity market analysis system of Business Society, on April 5th, the reference price of ethylene oxide was 7000.00, which was unchanged from April 1st. Recently, the ethylene oxide market has been operating at a high level, with cost support and supply reduction in some regions, supporting the mentality of enterprises to raise prices, and providing strong support for the polyethylene glycol market.

Upstream ethylene glycol: According to the commodity market analysis system of Business Society, the reference price of ethylene glycol on April 5th was 4520.83, an increase of 0.17% compared to April 1st (4513.33), which provides sufficient support for the polyethylene glycol market.

According to polyethylene glycol analysts from Business Society, the short-term high cost support is stable, and the overall downstream demand may still continue to be in high demand. Business owners tend to adopt a wait-and-see attitude with the market, and it is expected that the polyethylene glycol market will remain stable in the short term. More attention should be paid to the trend of upstream ethylene oxide.