List of ethylene glycol prices

According to data from Business News Agency, on July 24th, the average price of domestic oil to ethylene glycol was 4000 yuan/ton, an increase of 3.24% compared to 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 between 3950-4125 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 4150 yuan/ton.

On July 21st, the CIF price of ethylene glycol in China was 478 US dollars/ton; The CIF Southeast Asia price is 488 US dollars/ton.

Ethylene glycol fundamentals

On the supply side, there is an expectation of a rebound in domestic maintenance equipment in the near future, while there is an expectation of a decrease in domestic ethylene glycol supply. In terms of port inventory, as of July 24th, the inventory of ethylene glycol at the East China main port was 977000 tons, which is 31400 tons from July 17th when it was 1008400 tons.

In terms of demand: Currently, there is little change in downstream polyester load, maintaining a high start-up rate of over 90%. The limited impact of terminal weaving is limited, and the initial construction will be maintained.

Short term ethylene glycol prices gradually enter the platform oscillation zone

At the end of June, coal and ethylene prices bottomed out and rebounded. The news of Iran’s installation drove up methanol prices, supporting ethylene glycol prices to some extent on the cost side. At present, the cost support of ethylene glycol has been strengthened compared to the previous period. Although coal prices have started to loosen recently, the cost support for ethylene glycol is still stronger than in the previous period.

On the supply and demand side, there is a seasonal decline in operating rates and a short-term improvement in the supply and demand structure.

The cost side and supply side still have strong support for ethylene glycol in the short term. Ethylene glycol has been in a negative profit price range for a long time, and there is significant supply pressure in the medium to long term. However, there are signs of loosening in the cost side recently, and it is expected that short-term ethylene glycol prices will gradually enter the platform oscillation zone.