List of ethylene glycol prices

According to data from Business News Agency, as of August 31st, 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 30th, the CIF price of ethylene glycol in China was 464 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. Recently, several sets of long-term shutdown and planned maintenance devices have been restarted, and Xinjiang Zhongkun is about to be put into operation for testing. 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, with a slight increase compared to the previous month and still at a low level year-on-year. The operating load of Jiangsu and Zhejiang looms is around 70%, while the operating load of Jiangsu and Zhejiang elastic looms is 70-80%, indicating an overall increase.

In terms of port inventory, as of August 31, the inventory of ethylene glycol at the East China main port was 1.1448 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 some coal production units experiencing restart, and production capacity is beginning to reflect in terms of production. There is an expectation of an increase in the social inventory of ethylene glycol. On the demand side, there is a positive trend month on month, but overall it is not as expected. The short-term fundamental trend is weak. The recent game point is whether the emotional benefits brought by cost factors can suppress the reality of weak fundamentals.