1、 Price trend

 

On April 3, the average ex factory price of oil-based glycol in North China was 3500 yuan / ton, down 3.67% from last Friday, according to the data of business agency.

 

On April 3, the price of large single can of ethylene glycol in East China was 3380 yuan / ton, up 490 yuan / ton or 16.96% from Monday.

 

2、 Analysis of influencing factors

 

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As of April 2, the glycol inventory in the main reservoir area of East China was about 1.1206 million tons, an increase of 66100 tons or 6.27% compared with last Thursday, and an increase of 76800 tons or 7.36% compared with this Monday, continuing to accumulate.

 

In terms of shipment, this week, the main port of Zhangjiagang delivered about 5100 tons per day, while Taicang delivered about 3800 tons per day to the two warehouses, which remained depressed.

 

At present, the operating rate of ethylene glycol is about 66%, and that of polyester downstream is about 79%, which is lower than that of last week.

 

In terms of units, Yangmei group Pingding chemical glycol unit has been shut down for maintenance, with uncertain start-up time; Inner Mongolia Yigao coal glycol unit is expected to be shut down for maintenance for one month; Yongjin chemical glycol unit and shut down for maintenance at the end of March.

 

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3、 Analysis and prediction

 

Glycol prices continued to fall in the first few days of this week due to poor downstream construction. Thursday’s sharp rebound in international oil prices drove chemicals up sharply in the day, and the cost of glycol was also supported, which also boosted market sentiment.

 

At present, the profit loss of coal to glycol is large, and the profit of naphtha is near the profit loss line. In the later stage, the price of glycol needs to focus on the trend of crude oil.

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