1、 Price trend
| EDTA |
The average ex factory price of oil to ethylene glycol in North China on October 30 was 3833 yuan / ton, down 34 yuan / ton or 0.86% compared with last week, according to the business agency.
On October 29, the market price of ethylene glycol in East China was 3730 yuan / ton, down 115 yuan / ton or 2.99% from the same period last week.
2、 Analysis of influencing factors
As of October 29, the total ethylene glycol inventory in the main ports of East China was 1139800 tons, a decrease of 44000 tons (3.72%) compared with last Thursday and 12200 tons (1.06%) compared with Monday.
In terms of shipment, Zhangjiagang and Taicang continued to be in a downturn this week, with an average daily shipment of about 5200 tons in Zhangjiagang and 5900 tons in Taicang.
At present, the operating rate of ethylene glycol is about 59%, which is 4% higher than last week; the operating rate of polyester is about 88%, which is basically the same as last week.
In terms of units, the new 300000 t / a ethylene glycol plant of Shanxi Huaneng is planned to be shut down for maintenance on October 20 for 15 days; the 100000 t / a ethylene glycol plant of Tianjin Petrochemical Company will be overhauled in early October, with the restart time to be determined; Sinopec Wuhan is expected to start maintenance on October 15, lasting for two months.
3、 Analysis and prediction
Due to the recent sluggish downstream demand for ethylene glycol and the heavy pessimism in the market, the spot market and futures market prices fell all the way this week. However, due to the positive effects of continued destocking and the significant decline in overseas imports of ethylene glycol in September and October, the price of ethylene glycol is expected to rebound slightly in the near future. However, due to the end of silver October in the terminal weaving Market, it is difficult to measure the future market.
| EDTA 2Na |