In May, the price of ethylene glycol stopped falling and rebounded

The price of ethylene glycol will stop falling and rebound in May 2025. According to data from Shengyi Society, as of May 29th, the average price of domestic oil to ethylene glycol was 4521.67 yuan/ton, an increase of 4.39% compared to the average price of 4331.67 yuan/ton on May 1st.
In terms of imported ethylene glycol, on May 29, 2025, the spot contract trading of ethylene glycol at the port was good, the futures market rebounded, the buying follow-up was active, the basis was strong, and the trading range was 4450-4510 yuan/ton. In terms of basis, the price range for this week’s spot contracts is 138-145 before the night trading session, and the daily range for this week’s spot contracts is+146 to+160 during the morning trading session; In the afternoon, the daily operating range of spot contracts for this week is+148 to+155; As of 14:35, this week’s contract basis quotation is+153 to+155, next week’s contract basis quotation is+152 to+155, June’s contract basis quotation is+148 to+153, July’s contract basis quotation is+120 to+125, and August’s contract basis quotation is+85 to+95.
The spot price of domestic coal to polyester grade ethylene glycol (loose water, tax included, self pickup) per unit is 4050-4150 yuan/ton.
In terms of external ethylene glycol, as of May 29th, the landed price of ethylene glycol in China is 522 US dollars/ton, and the landed price of ethylene glycol in Southeast Asia is 535 US dollars/ton.
Port inventory slightly decreased in May
From January to mid February, there was a significant accumulation of ethylene glycol inventory in the port, and from March to May, the port inventory fluctuated horizontally. On May 26, 2025, the total inventory of ethylene glycol in the main port of East China was 612100 tons, a decrease of 88800 tons from the total inventory of 700900 tons on April 28; Compared to the total inventory of 697800 tons on April 3rd, a decrease of 85700 tons; Compared to the total inventory of 671900 tons on March 31st, it decreased by 59800 tons.