Recently, the spot market atmosphere of the domestic ethylene glycol market has been active, and prices have continued to fluctuate. The average domestic ethylene glycol market price at the beginning of last week was 6,203 yuan/ton, and the domestic ethylene glycol market average price at the weekend was 6,230 yuan/ton, with a weekly increase of 0.37% and a year-on-year price increase of 27.16%.
Today (November 23), the Beijing Branch of Sinopec Distribution Company’s quotation for ethylene glycol is temporarily stable. Yanshan Petrochemical and Tianjin Petrochemical’s ethylene glycol spot basically has no external sales. Tianjin chemical fiber is mainly supplied to each other, and the current spot price of ethylene glycol is temporarily stable at 6,700 yuan/ton. Xinjiang Dushanzi Petrochemical’s ethylene glycol unit is in stable operation, and its spot quotation is stable, currently priced at 6,600 yuan/ton, and its products are mostly supplied to surrounding areas. The spot price of ethylene glycol of Sinopec East China Sales Branch is temporarily stable. The current spot price is 6,300 yuan/ton, and its subsidiaries Yangzi, Yangba, Shanghai, and Zhenhai Refining and Chemicals all implement the price. Maoming Petrochemical’s ethylene glycol unit is currently operating at normal load, and the quotation is stable. The current spot price is 6,300 yuan/ton locally. The 60,000 tons/year ethylene glycol unit of Fushun Petrochemical Company of PetroChina Branch is operating normally and prices have stabilized. Currently, the local price is 6,200 yuan/ton ex-factory. The price of ethylene glycol of Jilin Petrochemical has stabilized, and the current local price is 6,200 yuan/ton.
Generally speaking, the domestic ethylene glycol market has recently negotiated price increases, downstream purchases are on demand, and market trading volume performance is acceptable. As the international crude oil market price gradually stabilized, commodities in the futures market rose intensively on Monday, with rubber, methanol and other products hitting daily limits, boosting the trend of the ethylene glycol external market.
At present, the domestic ethylene glycol spot inventory is average, and the downstream procurement is stable. The market outlook still needs to pay attention to the market capital flow and the start-up of downstream devices. It is expected that the domestic ethylene glycol spot market will be stable in the short term. Consolidate high levels.
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