According to the Commodity Market Analysis System of Business Society, as of March 19th, the average quoted price of polyethylene glycol 400 by enterprises was 7550.00 yuan/ton, which is unchanged from last Thursday (March 14th).
Recently, the polyethylene glycol market has continued to operate steadily, with no significant price changes. In recent times, there has been strong support for the market in terms of costs, with downstream water reducing agent markets mainly following steadily. Industries such as printing and dyeing and daily chemical products are in high demand for purchases, and market transactions are orderly.
Recent quotations for polyethylene glycol 400 products in the East and South China markets (for reference only), with actual transaction negotiations as the main focus:
Market/ March 14th March 19th Rise and Fall
East China/ 7700-7900 yuan/ton 7700-7900 yuan/ton 0
South China/ 7800-8000 yuan/ton 7800-8000 yuan/ton 0
Cost side:
Upstream ethylene oxide: According to the commodity market analysis system of Business Society, on March 18th, the reference price of ethylene oxide was 6900.00, an increase of 1.47% compared to March 1st (6800.00). In mid March, the market price of ethylene oxide increased, providing support for the polyethylene glycol market. Currently, some equipment maintenance and short-term supply side support still exist, and downstream demand is mainly followed up. The support for the polyethylene glycol market may still be stable.
Upstream ethylene glycol: According to the commodity market analysis system of Business Society, the reference price of ethylene glycol on March 18th was 4560.00, a decrease of 0.98% compared to March 1st (4605.00), which provides moderate support for the polyethylene glycol market.
According to polyethylene glycol analysts from Business Society, short-term cost support is still strong, and downstream enterprises tend to make essential purchases based on their own situation. It is expected that the polyethylene glycol market will remain stable in the short term, and more attention should be paid to the trend of upstream ethylene oxide.
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