List of ethylene glycol prices

According to data from Business News Agency, on August 30th, the average price of domestic oil to ethylene glycol was 4060 yuan/ton, a decrease of 1.97% compared to 4141.67 yuan/ton at the beginning of the month. The prices in various regions are as follows:

The price range for spot goods executed by mainstream manufacturers in East China is 3900-4160 yuan/ton; The spot price of ethylene glycol in the South China market is 4050 yuan/ton, while the mainstream manufacturers in Central China have a spot price range of 3900 yuan/ton for external execution; The spot price for mainstream manufacturers in North China is 4160 yuan/ton.

On August 29th, the CIF price of ethylene glycol in China was 460 US dollars/ton, a decrease of 4 US dollars/ton; The CIF Southeast Asia price is 481 US dollars per ton.

Ethylene glycol fundamentals

From the supply side, the operating rate of domestic ethylene glycol is still high, and some devices have restarted. Shenghong Refining and Chemical’s 1 million ton unit has been lifted to 70-80%, and the Shaanxi Coal Yulin unit has been restored. Currently, it is still in the stage of oversupply.

On the demand side: downstream polyester maintains high operating rates, with a polyester operating rate of over 90%; Terminal new orders followed up slightly month on month, but remained at a low level year-on-year.

In terms of port inventory, as of August 28th, the inventory of ethylene glycol at the East China main port was 1.0716 million tons. Recently, there has been a concentration of port arrivals, and there is a phenomenon of accumulated inventory in the data.

Ethylene glycol callback in August

The supply and demand fundamentals of ethylene glycol are still weak, especially with the basic restart of the equipment and the beginning of production capacity reflected in production. At present, the supply and demand of ethylene glycol are both strong, and it is expected to enter a volatile range in the short term, with a weak short-term fundamental trend. The recent game point is whether the emotional benefits brought by cost factors can suppress the reality of weak fundamentals.