1、 Price trend
The average ex factory price of oil to ethylene glycol in North China on October 23 was 3867 yuan / ton, an increase of 67 yuan / ton or 1.75% compared with last week, according to business agency data.
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On October 22, the market price of ethylene glycol in East China was 3845 yuan / ton, up 10 yuan / ton or 0.26% over the same period last week.
2、 Analysis of influencing factors
As of October 22, the total ethylene glycol inventory in the main ports of East China was 1183800 tons, a decrease of 97200 tons or 7.59% compared with last Thursday, and a decrease of 26400 tons or 2.18% compared with Monday.
In terms of shipment, Zhangjiagang and Taicang have slightly improved this week compared with last week. The average daily shipment of Zhangjiagang is about 7800 tons, and that of Taicang is 5900 tons.
At present, the operating rate of ethylene glycol is about 55%, down 3% from last week; the operating rate of polyester is about 88%, which is basically the same as last week.
In terms of units, the ethylene glycol plant with an annual output of 600000 tons in Xinjiang Tianye was shut down for maintenance during the 11th Five Year Plan period. At present, the overhaul is coming to an end, and it is expected to restart feeding next week. The 300000 t / a syngas to ethylene glycol plant in western Guizhou was shut down at the beginning of this month to replace the catalyst, which is expected to resume operation in the near future.
3、 Analysis and prediction
In terms of demand, although the textile terminal is expected to be better due to the transfer of orders in the near future, due to the consumption of inventory in the short term, the production and sales of polyester end are flat, so there is little support for ethylene glycol. In terms of supply, domestic ethylene glycol supply is still at a high level, and foreign imports have decreased. Due to the small arrival volume, although the shipment is not much, the port inventory is still falling continuously this week. It is expected that in the short term, it is still in the stock removal cycle, and the price of ethylene glycol will continue to fluctuate.
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