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SunSirs: The Price of Ethylene Glycol Kept a Small Fluctuation (11.4-11.8)
November 11 2019 10:35:05SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the average factory listing price of the oil-based ethylene glycol in North China on November 8 was 4,833 RMB/ton, down 1.36% from last week.

At the beginning of this week, the price of large-scale single can of ethylene glycol in East China was 4605 RMB/ton. After several minor adjustments, the price was 4515 RMB/ton by Friday.

Analysis review

This week, the operation rate of domestic ethylene glycol plant is about 61.53%, and that of coal to ethylene glycol plant is 58.33%. The overall operation rate has slightly decreased. The start-up load of downstream polyester plant is about 87.39%, which has decreased, and polyester production and sales are not good.

As of Thursday, the main port of East China's glycol port inventory was about 490000 tons, down 3.54% from Monday, with good delivery.

In the later stage, glycol is expected to arrive at the port of 98000 tons, with little accumulated storage pressure.


Market outlook

According to the glycol analysts of SunSirs, the cost price of coal to glycol is 4500 RMB/ton. At present, the market price of glycol is close to the cost price of coal to glycol, and the demand for new devices to be put into operation is weak. The inventory of East China's main port has also dropped to a low level in recent years, and due to the explosion of Dow's glycol unit on November 3, the pre metering at the later stage has been greatly reduced, which has driven some market expectations. However, based on the persistent pessimism of market atmosphere for a long time, it is expected that the price of glycol will not fluctuate greatly in the short term.


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