I. price trend

According to the data of business agency, the average ex factory listing price of oil-based glycol in North China on October 18 was 5100 yuan / ton, down 2.55% from the same period last week.

This week, the price of ethylene glycol single tank in East China continued to decline, from 4845 yuan / ton at the beginning of the week to 4605 yuan / ton at the end of the week, down 5.21%

II. Analysis of influencing factors

As of October 15, the operation rate of domestic non coal to ethylene glycol unit is about 63.54%, and that of coal to ethylene glycol unit is 65.18%, which is the same as that of September.

As of Thursday, the main port of East China’s glycol port inventory was about 516000 tons, down 6.1% from the beginning of the week, with obvious de inventory. The average daily shipment volume of the main port terminal reached 117500 tons.

Next week, glycol is expected to arrive at 234000 tons, and the inventory pressure will increase again.

III. future forecast

According to glycol analysts of business club, although polyester market has improved after the festival, the inventory base is large and the demand for glycol is not high. At present, the price of glycol is basically below the cost line, and the market atmosphere is low. Glycol prices will be hard to recover in the short term, but because they are already at a low level, a sharp decline should also be expected.