Overview of ethylene glycol market
According to data from Business News Agency, on May 30th, the average price of domestic oil to ethylene glycol was 4103.33 yuan/ton, with prices in various regions as follows:
The price range for spot goods executed by mainstream manufacturers in East China is 3900-4310 yuan/ton; The spot price of ethylene glycol in the South China market is 4150 yuan/ton, while the mainstream manufacturers in Central China have a spot price range of 4000 yuan/ton; The spot price for mainstream manufacturers in North China is 4150 yuan/ton.
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List of International CIF Prices
On May 29th, the CIF price of ethylene glycol in China was 480 US dollars/ton; The CIF Southeast Asia price is 483 US dollars per ton.
Starting to destock ethylene glycol port inventory
At present, inventory is still relatively high. As of May 29th, the inventory of ethylene glycol at the East China main port was 933100 tons. After late April, the inventory of ethylene glycol at the port began to be depleted, and it has been operating in the range of less than 1 million tons since May.
Import and export data
The import volume of ethylene glycol in April was 428000 tons, a decrease of 7.93% month on month and 25.51% year-on-year. The cumulative import volume from January to April was 1.9671 million tons, a decrease of 30.33% year-on-year;
The export volume of ethylene glycol in April was 5400 tons, a decrease of 53.7% month on month and a year-on-year increase of 899.47%. The cumulative export volume from January to April was 37800 tons, a year-on-year increase of 162.48%.
| POLYVINYL ALCOHOL |
Downstream demand slightly improving
Downstream, the operating rate of polyester has increased, and the utilization rate of polyester production capacity is 88.25%, an increase of 2.41% month on month. The production volume is 1.2524 million tons, an increase of 2.41% month on month. Next week’s weekly production is expected to be above 1.26 million tons, with a capacity utilization rate of around 89%.
Low spot supply of ethylene glycol rebounds
In the early stage, the coal production plants were restarted one after another due to short shutdowns, and new plants were put into operation. The low supply level slightly rebounded, and the speed of ethylene glycol storage slowed down.
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