Price Trend
According to data from business associations, the average price of oil-based ethylene glycol in North China on August 9 was 4500 yuan/ton, down 0.74% from the previous cycle, a slight decrease.
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This week, the price of ethylene glycol in East China was negotiated from 4370 to 4380 yuan/ton, while the price in South China maintained around 4200 yuan/ton, with a slight increase.
II. Analysis of Influencing Factors
The start-up rate of ethylene-based ethylene glycol plant in China is about 73.63%, which is higher than that of the previous period. The start-up rate of coal-based ethylene glycol plant is about 51.57%, which is the same as the previous period.
The inventory of ethylene glycol ports in East China is about 972,000 tons, which continues to rise.
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The starting load of the polyester plant is about 85.44%, and the ring ratio increases slightly.
3. Future Market Forecast
Ethylene glycol analysts of business associations believe that the recovery of plant start-up rate and a slight increase in port inventory are not conducive to the rise of Ethylene glycol prices, but the downstream polyester end production and sales become better, and the increase of start-up rate forms a certain support for prices. Ethylene glycol maintains a small shock adjustment in the short term. In the long run, the market is not prosperous enough, and it is expected that ethylene glycol will remain weak for a long time.
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