Overview of ethylene glycol price trend
| PVA 0599 (PVA BF05) |
According to the data of the business community, the average price of oil to ethylene glycol P value was 4383.33 yuan/ton on October 11, down 1.87% from the previous trading day and 28.61% year on year.
On the 11th, the price of ethylene glycol in East China, the mainstream consumer, dropped significantly, and some traders quoted 4150-4300 yuan/ton. According to market news, Zhangjiagang raised the contract price at 4125 yuan/ton this week and 4150 yuan/ton in October. At present, the external quotation of large factories is relatively firm, and some of them are slightly reduced.
During the National Day, the CIF spot price in Southeast Asia fell significantly; Today, the domestic ethylene glycol price fell more, and the futures market encountered panic selling, which led to the linkage of spot prices. The main factors affecting the decline are: first, the expectation of the resumption of the ethylene glycol unit; Second, downstream demand contracted.
From the inventory data, the inventory of the main port began to accumulate slightly, and the current inventory exceeded 850000 tons. After the festival, the downstream polyester demand was weak, and the delivery of Zhangjiagang and Taicang warehouses became weak.
| POLYVINYL ALCOHOL |
Overview of ethylene glycol industry chain
The domestic polyester operating rate is about 80%, but the downstream demand is weak. According to the production and marketing rate data, the production and marketing rate of polyester filament dropped to about 3-4%, the production and marketing rate of polyester chip dropped to about 30%, and the production and marketing rate of direct spinning polyester staple fiber factory dropped to about 20%. On the whole, polyester downstream customers are more resistant to the high price supply of the factory.
Future market forecast
In the short term, the weak demand for strong supply is expected to be strong, and the weak consolidation is expected in the future. In the future, we will wait and see the maintenance continuity of Coal Chemical and the follow-up of terminal orders.
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