According to the Commodity Market Analysis System of Business Society, as of April 17th, the average quoted price of polyethylene glycol 400 by enterprises was 7750.00 yuan/ton, which is basically unchanged compared to last Wednesday (April 10th).

Recently, the polyethylene glycol market has remained stable. The raw material epoxyethane operates stably, with strong cost support. The downstream pharmaceutical and daily chemical industries have relatively stable demand. In downstream textile and other industries, customers mainly purchase on demand, while holders maintain a wait-and-see operation and ship according to market conditions. On April 17th, in the South China market, some imported PEG400 prices were quoted between 7800-8000 yuan/ton.

Upstream ethylene oxide: According to the commodity market analysis system of Business Society, the reference price of ethylene oxide on April 16th was 7000.00, which is the same as April 1st. Recently, ethylene oxide has been operating steadily at high levels. At present, the utilization rate of ethylene oxide production capacity is around 60%, and the demand is average. The current support for the polyethylene glycol market is still strong.

Upstream ethylene glycol: According to the commodity market analysis system of Business Society, the reference price of ethylene glycol on April 16th was 4485.00, a decrease of 0.63% compared to April 1st (4513.33), which provides moderate support for the polyethylene glycol market.

The polyethylene glycol analyst from Shengyishe believes that the current cost side is stable at a high level, and the market trades on demand. It is expected that the fluctuation of polyethylene glycol prices may be limited in the short term, and more attention should be paid to market news guidance.