Price Trend
According to data from business associations, the average listing price of oil-based ethylene glycol in North China on August 23 was 4633 yuan/ton, up 1.46% from the previous cycle, a slight increase.
This week, the spot price of ethylene glycol in East China fluctuated around 4525-4535 yuan/ton, up about 70 yuan/ton from last week’s price.
II. Analysis of Influencing Factors
The start-up rate of ethylene ethylene glycol plant in China is about 72.97%, and that of coal ethylene glycol is about 51.91%, which is the same as last week.
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The inventory of ethylene glycol ports in East China is about 8112,000 tons, down from last week.
The start-up load of the polyester plant is about 87.77%, which is slightly higher than that of last week. The production and marketing of polyester is about 43%, which is not conducive to the digestion of ethylene glycol inventory.
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3. Future Market Forecast
Ethylene glycol analysts believe that the start-up rate of the Ethylene glycol plant is stable, the port inventory is down, and the price of lido-ethylene glycol is low. However, due to the downstream polyester production and marketing downturn, although the start-up rate has increased, but the price support is not large. It is expected that ethylene glycol will maintain a small fluctuation in the short term.
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