Ethylene glycol market prices remain strong

On October 24, Henan Coal Industry Group’s Anyang Yongjin 200,000 tons/year coal-to-ethylene glycol unit operated smoothly, and the external quotation of ethylene glycol remained at 5,350 yuan/ton. , mainly supplying contract customers, with little export sales. The spot ex-factory price of ethylene glycol of Sinopec East China Sales Branch is temporarily stable, with an external price of 5,300 yuan/ton, and its subsidiaries Yangzi/Yangba/Shanghai/Zhenhai Refining and Chemical Co., Ltd. all implement the price. The latest price of ethylene glycol of Tianjin Daxing Chemical Trading Co., Ltd., the premium ethylene glycol product (content 99.9%) is 5,150 yuan/ton including tax when the vehicle is shipped out of Ordos, and the small order price in Tianjin surrounding areas is 5,500 yuan/ton, and ethylene glycol is qualified The product content is 99.2%, and the vehicle tax is 3,500 yuan/ton.

On the upstream side, the crude oil market fluctuated. The closing price of the December contract of WTI crude oil on the New York Mercantile Exchange was US$50.85/barrel (switching month), an increase of US$0.22/barrel from the previous day. barrel; the closing price of the December Brent crude oil contract on the London Intercontinental Exchange was US$51.78/barrel, an increase of US$0.40/barrel from the previous day. The crude oil market price was relatively strong and volatile, giving the ethylene glycol market certain operational confidence. At present, the overall equipment of downstream polyester manufacturers is operating at high load, the production and sales of the downstream polyester industry are performing well, the procurement demand is relatively stable, the inventory of domestic mainstream ports is average, and traders are confident in the market price of ethylene glycol. The demand from downstream polyester manufacturers is stable, and the market price of ethylene glycol remains strong in the short term.

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