The price of ethylene glycol rose slightly in September after the decline
| Melamine |
According to the data from the business community, the average price of oil to ethylene glycol P value was 4350 yuan/ton on September 30, and the average market price at the beginning of the month was 4125 yuan/ton, up 5.45%.
According to the external data of ethylene glycol, as of September 29, the spot CIF price of ethylene glycol in China was 497-499 dollars/ton, up 8 dollars/ton from 489-491 dollars/ton at the beginning of the month; The spot CIF price of ethylene glycol in Southeast Asia rose by 30 dollars/ton to 524-526 dollars/ton from 494-496 dollars/ton at the beginning of the month.
Overview of ethylene glycol fundamentals
From the supply side data, at present, the overall domestic ethylene glycol operation maintains a relatively low startup rate, and the capacity utilization rate is about 50%. However, some devices are planned to restart in the near future, and the domestic ethylene glycol supply is expected to recover at a low level.
| EDTA |
On the demand side, the terminal orders were weak in the first half of the year, and the weaving operating rate was always below 85%. As the year gradually entered the peak season, the demand is expected to be repaired. The winter orders are expected to increase. At present, the gray fabric inventory is at a medium to high position. The polyester finished product inventory is expected to decline slightly in the short term. The polyester profit is low, and the bottle piece is better than the staple fiber than the filament.
The inventory data shows that the ethylene glycol inventory of the main port in East China is about 800000 tons, and it is estimated that the arrival volume of the main port in East China during the National Day will reach 240000 tons.
Future market forecast
In the early stage, the low price of ethylene glycol and the shrinking supply brought about a slight improvement in the price, but the improvement in supply and demand may be difficult to sustain. Although ethylene glycol is expected to go to the warehouse in the near future, the subsequent coal production may return rapidly in the stage when the raw material ethylene is surplus and the refining supporting ethylene glycol is still in production. In addition, the downstream demand is less than expected, and MEG may operate weakly in the short term.
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