Our new website is under construction, Sorry for the inconvenience, for more information, please Email info@hiseachem.com
Home » Blogs » Blogs » Short-term ethylene glycol market oscillation run

Short-term ethylene glycol market oscillation run

Views: 0     Author: Site Editor     Publish Time: 2023-05-09      Origin: Site


facebook sharing button
twitter sharing button
line sharing button
wechat sharing button
linkedin sharing button
pinterest sharing button
sharethis sharing button

The market rebounded slightly yesterday. As of 3:00 pm East China market prices were around RMB 4180-4190/ton. 

Raw materials: U.S. recession doubts eased, supply tightening is expected to support oil prices further higher, foreign time May 8, Europe and the United States oil prices closed up more than 2%. June WTI: 73.16 up 1.82 or 2.55%; July Brent: 77.01 up 1.71 or 2.35%.

Supply: device, Xinjiang, a set of 600,000 tons / year of syngas to ethylene glycol plant will be stopped recently, the initial expected parking time from one month, follow up. The supply and demand of glycol gradually turned to a depot pattern.

Demand: Downstream polyester load continued to be adjusted downward, several sets of polyester near May 1 were executed according to the overhaul or production reduction plan, and some devices were also restored during the same period.

Forecast: Overall, poor terminal orders dragged down the pessimistic sentiment of polyester side, domestic supply side gradually increased, but the recent port arrival less, port inventory continues to de-stocking, international oil prices rebounded strongly to boost commodity sentiment, is expected to short-term ethylene glycol market oscillation run.



Road No.1#, Port Chem Logistics Park, Qingdao, China
About us
Qingdao Hisea Chem Co., Ltd located in the east part of China, which is the largest salt farm in China, the potassium related chemicals production ranked fourth in the world. The main products of...

Quick links


Sign up for our newsletter to receive the latest news.
Copyright © 2021 Qingdao Hisea Chem Co., Ltd. Support By Leadong | Sitemap
Leave a Message
Free Consultation