Ethylene glycol prices fell in April

The price of ethylene glycol will decrease in April 2025. According to data from Shengyi Society, as of April 27th, the average price of domestic oil to ethylene glycol was 4350 yuan/ton, a decrease of 4.85% from the average price of 4571.67 yuan/ton on April 1st.
On April 25, 2025, Zhangjiagang ethylene glycol spot contracts were mainly purchased at low hanging prices, with average trading. This week’s contract transaction price range is 4160-4194 yuan/ton (excluding collective transactions). This week’s spot contract basis quotation ranges from+15 to+19, May’s spot contract basis quotation ranges from+19 to+29, and June’s spot contract basis quotation ranges from+33 to+40.
The spot price of domestic coal to polyester grade ethylene glycol (loose water, tax included, self pickup) per unit is 3960-4050 yuan/ton.
In terms of external ethylene glycol, as of April 25th, the landed price of ethylene glycol in China is $485/ton, and the landed price of ethylene glycol in Southeast Asia is $492/ton.
Port inventory fluctuated horizontally in April
From January to mid February, there was a significant accumulation of ethylene glycol inventory in the port, and from March to April, the port inventory fluctuated horizontally. On April 24, 2025, the total inventory of ethylene glycol in the main port of East China was 687700 tons, an increase of 15800 tons compared to the total inventory of 671900 tons on March 31; The total inventory as of December 30, 2024 was 397300 tons, an increase of 290400 tons.
Next week’s market forecast
From the perspective of incoming inventory, there is a clear expectation of an increase in port inventory in the near future, with frequent maintenance and restart of the synthesis gas plant. Next week, we will pay attention to the situation of the Qianxi coal chemical plant. In the short term, it is expected that the dynamic balance of synthesis gas to ethylene glycol will be achieved, and the effective recovery of load is expected in mid to late May. The supply and demand situation is relatively stable in the near future, and it is expected that there will be a high probability of horizontal fluctuations.