According to data from business associations, the average listing price of oil-based ethylene glycol in North China on September 6 was 5100 yuan/ton, up 2.68% from last week.
This week, the spot price of ethylene glycol in East China fluctuated between 5145 yuan and 5195 yuan/ton, which was more obvious than last week’s price rise.
II. Analysis of Influencing Factors
The start-up rate of ethylene ethylene glycol plant in China is about 71.5%, coal ethylene glycol plant is about 55.46%, and the ring ratio is rising.
The inventory of ethylene glycol ports in East China is about 646,800 tons, which has fallen and the depot is obvious.
The start-up load of the polyester plant is about 89.82%, with a slight decrease in the ring ratio. The production and marketing of polyester is about 28%, and the production and marketing are low.
Affected by the Saudi Arabian incident, the market price of East China rose sharply at the beginning of this week, but with the recovery of Saudi oil production capacity, the spot market price of Eastern China Ethylene Glycol was markedly rebounded.
3. Future Market Forecast
Ethylene glycol analysts at the business association believe that the price of ethylene glycol fluctuated considerably this week, but fell less than the increase, and the overall price is still higher than last week. Inventories in the main port have declined, while the plant has been operating steadily, and the downstream production and marketing rate is low. It is expected that ethylene glycol will enter a turbulent pattern in the near future.