1、 Price trend
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According to business agency data, on October 16, the average ex factory price of oil to ethylene glycol in North China was 3800 yuan / ton, up 33 yuan / ton or 0.88% compared with last week.
On October 15, the market price of ethylene glycol in East China was 3810 yuan / ton, up 150 yuan / ton or 4.06% over the same period last week.
2、 Analysis of influencing factors
As of October 15, the total ethylene glycol inventory in the main ports of East China was 1.281 million tons, an increase of 69500 tons or 5.74% compared with last Friday, and an increase of 47400 tons or 3.84% compared with Monday.
In terms of shipment, Zhangjiagang and Taicang had poor shipment this week, with an average daily shipment of about 7000 tons in Zhangjiagang and 3600 tons in Taicang.
At present, the operating rate of ethylene glycol is about 58%, down 1.5% compared with last week; the operating rate of polyester is about 88%, which is basically the same as last week.
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In terms of equipment, the ethylene glycol plant with an annual output of 300000 tons in Guizhou Qianxi coal chemical industry is planned to stop tomorrow for maintenance, and the maintenance time is expected to be about 3 days. The ethylene glycol 2 unit of yansab will be shut down for maintenance in the middle and late October, and the overhaul is expected to take 15 days. The annual production capacity of the plant is 520000 tons.
3、 Analysis and prediction
Recently, due to the listing of downstream staple fiber, the price of ethylene glycol has slightly improved. However, due to the low overall market demand, poor shipment, inventory rise. At the same time, the domestic new capacity is further improved, and the supply is increasing. It is expected that in a short period of time, if downstream demand is not expected to improve, the price of ethylene glycol will continue to fluctuate.
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