Recently, domestic ethylene glycol electronic trading opened lower and moved lower, and fell to the limit all the way. As early as the beginning of last week, the electronic trading of ethylene glycol had already hit the daily limit, and the market atmosphere was embarrassing.
At present, the ethylene glycol market in East China is running weakly, with the mainstream quotation at 6540-6560 yuan/ton. The focus of the South China market has dropped sharply, and the quotation for coal-based ethylene glycol is between 6700 and 6700 yuan/ton. 6800 yuan/ton.
Domestic market conditions on March 21:
Xinjiang Dushanzi Petrochemical’s ethylene glycol price is 7,400 yuan/ton. Maoming Petrochemical’s ethylene glycol spot price is 7,100 yuan/ton locally. The ex-factory price of Yangzi BASF Petrochemical ethylene glycol stabilized at 6,900 yuan/ton. Jilin Petrochemical’s ethylene glycol price is 7,050 yuan/ton. The quotation price of Henan Coal Industry Group’s high-grade coal-to-ethylene glycol products has stabilized at 6,800 yuan/ton. The high-grade ethylene glycol vehicle produced by Zhengzhou Zhengsheng Chemical Industry includes tax of 6,700 yuan per ton. Shandong Hualu Hengsheng’s ethylene glycol quotation was lowered by 200 yuan/ton to 6,600 yuan/ton.
On the whole, domestic manufacturers currently have normal operating load of equipment. Since replenishment has basically ended, market trading enthusiasm is not high.
After hitting the lower limit for two consecutive days, the spot price of ethylene glycol is expected to be weak in the short term.
This article is reproduced from [Gade Chemical Network]
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