The ethylene glycol market was mainly volatile and consolidated. The mainstream price of ethylene glycol market in East China is 6220-6280 yuan/ton, the price of coal-to-ethylene glycol in South China is 6350-6450 yuan/ton, and the price of oil-to-ethylene glycol is 6450-6550 yuan/ton.
On April 10, the high-grade ethylene glycol vehicle produced by Zhengzhou Zhengsheng Chemical was priced at 6,250 yuan per ton including tax, and another batch of qualified products with 99% content had an ex-factory price including tax. 4,600 yuan per ton, we can negotiate later if the quantity is large. The Beijing Branch of Sinopec Marketing Company has stabilized its quotation for ethylene glycol. Yanshan Petrochemical and Tianjin Petrochemical have basically no external sales of ethylene glycol. They mainly supply Tianjin chemical fiber to each other. The current spot price of ethylene glycol is reported at 6,500 yuan/ton. Jilin Petrochemical’s ethylene glycol price has stabilized and is currently priced at 6,450 yuan/ton locally. The ex-factory price of Yangzi BASF Petrochemical’s ethylene glycol has stabilized at 6,200 yuan/ton, and production and sales have been stable. The ethylene glycol/diethylene glycol unit has a production capacity of 320,000 tons/year and is operating normally.
On April 11, the high-grade ethylene glycol vehicle produced by Zhengzhou Zhengsheng Chemical was priced at 6,250 yuan per ton including tax, and another batch of qualified products with 99% content had an ex-factory price including tax. 4,600 yuan per ton, we can negotiate later if the quantity is large. The Beijing Branch of Sinopec Marketing Company has stabilized its quotation for ethylene glycol. Yanshan Petrochemical and Tianjin Petrochemical have basically no external sales of ethylene glycol. They mainly supply Tianjin chemical fiber to each other. The current spot price of ethylene glycol is reported at 6,500 yuan/ton. Jilin Petrochemical’s ethylene glycol price has been reduced by 100 yuan/ton, and the current local price is 6,350 yuan/ton. The ex-factory price of Yangzi BASF Petrochemical’s ethylene glycol has stabilized at 6,200 yuan/ton, and production and sales have been stable. The ethylene glycol/diethylene glycol unit has a production capacity of 320,000 tons/year and is operating normally. Shandong Hualu Hengsheng’s ethylene glycol quotation is 6,100 yuan/ton, and it mainly supplies downstream direct sales. Currently, the 50,000-ton ethylene glycol unit is in normal operation, and the new 500,000-ton ethylene glycol unit is under intensive construction.
Crude oil has risen for five consecutive days, boosting market sentiment. However, downstream polyester demand is poor, and the upward trend of ethylene glycol is blocked. It is expected that the domestic ethylene glycol spot market will mainly fluctuate and consolidate. .
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