8 companies not only on the market situation of ethylene glycol, the current situation is not worried about the future.
Ethylene glycol analyst Wang Ping said, in 2015 China’s ethylene glycol production of 420 thousand tons of 3 million 916 thousand tons of raw materials used for coal, this figure will continue to expand in the future. 2015 domestic coal production of ethylene glycol capacity of about 1 million 670 thousand tons / year, this year and next year there will be 3 million 450 thousand tons / year capacity release.” Compared with the use of petroleum and natural gas as raw materials, ethylene glycol is more complex than that of coal, and there is no way to detect some impurities at present.

“These impurities tend to affect the color of polyester, color fastness, etc., in short, is the impact of product quality.” Zhou Jun pointed out that this to the downstream polyester plant in the use of the process has brought a lot of uncertainty, and thus temporarily not fully accepted.
In order to reduce production costs, the polyester plant will usually only buy 10%-20% of coal ethylene glycol, mixed with oil, natural gas, ethylene glycol, there is not a complete use of coal to ethylene glycol. 8 companies worry that future glycol futures listing, if the product is doped in the delivery process of the two processes of the seller together, and through technical means to adjust the index, so as to make the products reach the exchange delivery standards involved in delivery, will bring serious influence on the downstream polyester plant production. Bottle grade PET chip as an example, if the product quality is not qualified, beverage companies will be traced back, and ultimately will damage the credibility of the futures market.

8 companies believe that this fear is not unfounded.
They said that due to the use of coal to ethylene glycol has certain limitations, so the market price is often lower than the oil, natural gas, ethylene glycol 100-200 yuan / ton.
Since it is profitable, the supplier will have enough power to mix the coal with the petroleum and natural gas.
In view of this, they urge the Commission to suspend the listing process of ethylene glycol, market stocks to be repaired or the further release of domestic production capacity, and then do research.
“China Times” reporter noted that the 8 companies signed the time in November 14th, it has been over the past half a month, the matter has no new progress?

In response, there is no news in this regard, “but no matter whether can have the effect, as the downstream enterprises, we should sound”.
China Chemical Fiber Industry Association Information Center Director Li replies, the association has been informed of 8 companies signed a letter that, “due to the limitation of function, the matter is mainly by the enterprise itself”.