According to the Commodity Market Analysis System of Shengyishe, as of May 27th, the average quoted price of polyethylene glycol 400 by enterprises was 8250.00 yuan/ton, an increase of 0.30% compared to last Tuesday’s price.

Recently, the price of polyethylene glycol in the market has been fluctuating and consolidating within a narrow range. Recently, the raw material ethylene oxide has been operating steadily, with relatively stable cost support and average demand side performance. Inquiries and purchases are mainly in demand, and the market wait-and-see atmosphere remains unchanged. Holders mainly ship according to the market, while the focus of polyethylene glycol negotiations fluctuates narrowly.

Upstream ethylene oxide: On May 27th, the mainstream market of ethylene oxide in various regions of China maintained stable ex factory prices, while the ethylene oxide market in East China executed a price of 6900 yuan/ton externally. Recently, there has been sufficient supply and average downstream demand, resulting in a stagnant market and limited support for the polyethylene glycol market.

Upstream ethylene glycol: According to the commodity market analysis system of Business Society, this week (5.17-5.24), the price of ethylene glycol has stabilized from the previous decline and turned back to recovery. According to data from Business Society, as of May 24th, the average price of domestic oil to ethylene glycol was 4513.33 yuan/ton, which is 1.73% higher than the average price of 4436.67 yuan/ton in the East China market on May 17th. This provides sufficient support for the polyethylene glycol market.

The polyethylene glycol analyst from Shengyishe believes that the current cost support is stable, and downstream orders are mainly in demand. The market atmosphere is average, and it is expected that the price of polyethylene glycol may fluctuate narrowly in the short term. More attention should be paid to market news guidance.