1、 Price trend
On July 3, the average ex factory price of oil to ethylene glycol in North China was 3617 yuan / ton, which was the same as last week, according to business agency data.
On July 2, the market price of ethylene glycol in East China was 3495 yuan / ton, down 10 yuan / ton or 0.29% from the same period last week.
2、 Analysis of influencing factors
| Thiourea |
As of July 2, ethylene glycol inventory in the mainstream reservoir areas of East China was about 1350400 tons, an increase of 52400 tons or 4.04% compared with last Thursday, and 41000 tons or 3.13% higher than that of Monday.
In terms of shipment, the average daily delivery of Zhangjiagang main port is about 7200 tons, and that of Taicang two warehouses is about 7100 tons, which is basically the same as last week.
At present, the operating rate of ethylene glycol is about 51%, which is lower than last week. The operating rate of polyester is about 87%, which is the same as last week.
In terms of units, the ethylene glycol plant of Inner Mongolia Yigao Coal Chemical Co., Ltd., with an annual output of 120000 tons, has been shut down for maintenance at the end of March, and is now scheduled to restart at the end of July. The annual output of 360000 tons of ethylene glycol plant in Taiwan is planned to be overhauled on July 15, and the overhaul is expected to take one month.
In terms of futures, due to the lack of good news transmission on the periphery, ethylene glycol futures fluctuated at a low level, and the boost was weak.
3、 Analysis and prediction
Due to the continuous development of global public health events, consumption has been greatly reduced, and ethylene glycol imports continue to flow in, resulting in the backlog of port inventory. Although domestic ethylene glycol manufacturers have reduced the start-up load to avoid risks, due to insufficient demand and the commissioning of new units, the downstream can not digest it. In the long run, affected by the global economic downturn, the situation of ethylene glycol accumulation is difficult to improve temporarily, and the price will continue to fluctuate and consolidate.
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