1、 Price trend

 

According to the data of business agency, on May 8, the average ex factory price of oil glycol in North China was 3617 yuan / ton, 1.88% higher than that before the festival.

 

On May 8, the price of large-scale single can of ethylene glycol in East China was 3515 yuan / ton, up 55 yuan / ton, or 1.59% compared with that before the festival.

 

2、 Analysis of influencing factors

 

Polyglutamic acid

As of May 6, the glycol inventory in the main reservoir area of East China was about 1.145 million tons, an increase of 64000 tons or 5.92% compared with last Thursday, and an increase of 84700 tons or 7.99% compared with last Monday. During the May Day holiday, due to the increase of arrivals, the inventory increased significantly.

 

In terms of shipment, this week, the main port of Zhangjiagang delivered about 5800 tons per day, and Taicang delivered about 4600 tons per day to the two warehouses. The delivery is better than before the festival.

 

At present, the operating rate of ethylene glycol is about 54%, which is higher than that before the festival. The operating rate of polyester downstream is about 85%, which has little change.

 

In terms of equipment, the 650000 ton glycol unit of Zhenhai Refining and Chemical Co., Ltd. was restarted last week with a load of 80%. The 350000 ton coal to glycol plant in Guizhou is expected to restart in the near future. The ethylene glycol plant with an annual output of 220000 tons of Yangmei group Shenzhou chemical fertilizer Co., Ltd. was shut down on May 7, and the restart time is not determined at present.

Gamma Polyglutamic Acid

 

3、 Analysis and prediction

 

During the May 1st period, with the increase of crude oil price, terminal manufacturers also increased their prices, polyester production and sales were booming, and the price of glycol increased accordingly. However, with crude oil price falling, polyester production and sales down, glycol price support is weak.

 

Although the overseas economy is gradually restarting, it will not have a strong boost impact on the domestic polyester industry chain in a short time. At present, the inventory is on the high side. Although the restart of coal plant has been delayed, the situation that the overall supply exceeds the demand will not be changed. It is expected that the trend of glycol will continue to shock and consolidate in a long time.

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