Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 11th, the average quoted price of PEG 400 by enterprises was 8,300.00 RMB/ton, an increase of 7.44% compared to Monday's price.

Analysis review

The market price of PEG had risen this week. During the week, the raw material ethylene oxide remained stable at a high level, with continued cost support. Downstream inquiries and purchases were mainly followed up on demand, with relatively stable demand. Some imported sources were out of stock, supporting price increases.

Upstream ethylene oxide: According to the commodity market analysis system of SunSirs, on May 10th, the reference price of ethylene oxide was 7,000.00 RMB/ton, which was unchanged from May 1st. Since May, the upstream ethylene oxide price has remained stable at a high level, providing stable support for the PEG market.

Upstream ethylene glycol: According to the commodity market analysis system of SunSirs, the reference price of ethylene glycol on May 10th was 4,445.00 RMB/ton, a decrease of 0.82% compared to May 1st (4,481.67 RMB/ton). Since May, the ethylene glycol market has been slightly weak, providing moderate support for the PEG market.

Market outlook

According to PEG analysts from SunSirs, the short-term upstream ethylene oxide may remain stagnant, and the cost impact may be limited. Market transactions may continue to be in high demand, with enterprise shipments being the main focus. It is expected that in the short term, PEG prices may remain in a narrow consolidation operation on a watch-and-wait basis, and more attention should be paid to market news guidance.

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