The spot price of ethylene glycol fell sharply (20211013)

According to the data of business agency, on October 13, the average p value of oil-based ethylene glycol was 7062.5 yuan / ton, an increase of 512.5 yuan / ton compared with the previous statistical cycle.

On October 12, the market price of ethylene glycol in East China rose. The average spot price in East China was 7005 yuan / ton, up 955 yuan / ton or 15.79% from Monday.

According to incomplete statistics, between October 10 and October 14, the total expected arrival of main terminals in East China is about 215300 tons, an increase over the previous statistical cycle. As of October 13, the total inventory of ethylene glycol in the main port of East China was 523000 tons, and the inventory of ethylene glycol continued to be low. In the afternoon, MEG futures finally closed down by the limit, and dealers also said that the spot price was quickly suppressed in a short time. In the external market, the recent shipping offer is 850-855 US dollars / ton, the delivery is 840-845 US dollars / ton, and the early transaction is near 840 US dollars / ton. At present, the profit margin of ethylene glycol is better than that of ethylene oxide, so enterprises with CO production units such as Sanjiang are more inclined to produce ethylene glycol, and the operating rate of ethylene glycol is increased. Polyester futures prices fell, which dampened the enthusiasm of the downstream to pursue the rise to a certain extent. The market inquiry and buying were light, and the production and sales continued to decline.

Forecast: the overall chemical industry shows a downward trend, and ethylene glycol may have fluctuation risk.