Price Trend
According to data from business associations, the average quoted price of oil-based ethylene glycol in North China on October 11 was 5233 yuan/ton, up 2.61% from last week.
This week, the price of large single tank of ethylene glycol in eastern China dropped from 525 yuan/ton at the beginning of the week to 4825 yuan/ton at the end of the week.
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II. Analysis of Influencing Factors
The start-up rate of ethylene glycol plant in China is about 71.54%, which is the same as that before the festival. The start-up rate of coal-based ethylene glycol is 71.06%, which is significantly higher than that before the festival.
Ethylene glycol port stocks in eastern China were 549,500 tons yesterday, up 0.5 million tons from the beginning of the week.
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The start-up load of the polyester plant is 89.86%, which is still at a high level. The production and marketing of polyester chips are about 81%, and the production and marketing are increasing.
3. Future Market Forecast
Ethylene glycol analysts believe that ethylene glycol production capacity is at a high level, but downstream polyester overall weak. Affected by Saudi Arabia, the price of ethylene glycol rose rapidly last month, and still has a high gap with the previous price. It is expected that in the absence of a significant positive stimulus, the price of ethylene glycol will continue to recover in the near future.
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