List of ethylene glycol prices

According to data from Business News Agency, on August 17th, the average price of domestic oil to ethylene glycol was 4026.67 yuan/ton, a decrease of 2.78% 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 between 3950-4300 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 August 16th, the CIF price of ethylene glycol in China was 456 US dollars/ton; The CIF Southeast Asia price is 478 US dollars/ton.

Ethylene glycol fundamentals

Affected by the reduction in raw material crude oil production in July and the upward trend in domestic coal prices, the cost support for ethylene glycol has strengthened compared to the previous period.

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, but remained at a low level year-on-year.

From the supply side, the operating rate of domestic ethylene glycol is still high, and some devices have restarted. Currently, it is still in the stage of oversupply.

In terms of port inventory, as of August 17th, the inventory of ethylene glycol at the East China main port was 1.0618 million tons. Recently, there has been a concentration of port arrivals, and there is a phenomenon of accumulated inventory in the data. From August 14th to August 20th, the estimated arrival volume at the East China main port is 174000 tons. The current inventory is 961300 tons compared to June 29th, with a cumulative inventory of 100500 tons. Compared to the same period last year on August 18th, 1.1313 million tons still have a significant amount of inventory.

Ethylene glycol callback in August

In July, due to the influence of raw material prices, there was strong support for the cost of ethylene glycol; However, the supply and demand fundamentals are still weak, and after the correction of ethylene glycol prices in August, they gradually entered the gaming platform range. At present, the supply and demand of ethylene glycol are both strong, and it is expected to enter a fluctuating range in the short term.