Recently, the polyethylene glycol market has been operating steadily. According to the Commodity Market Analysis System of Shengyishe, as of April 23, the average quoted price of polyethylene glycol 400 by enterprises was 7750.00 yuan/ton, which is basically unchanged compared to last Tuesday’s price.

Recently, the raw material ethylene oxide has been operating steadily at a high level, with stable cost support. Downstream industries such as cosmetics, pharmaceuticals, chemical fibers, rubber, plastics, etc. have stocked up on demand before holidays, and market transactions have been orderly. The industry is mainly wait-and-see, and the market atmosphere is stable.

Upstream ethylene oxide: According to the commodity market analysis system of Business Society, on April 22, the reference price of ethylene oxide was 7000.00, which was unchanged from April 1. The downward transmission of costs was not smooth, and the price of ethylene oxide remained stable, providing stable support for the polyethylene glycol market.

Upstream ethylene glycol: According to the commodity market analysis system of Business Society, the reference price of ethylene glycol on April 22 was 4490.00, a decrease of 0.52% compared to April 1 (4513.33). Since April, ethylene glycol has been operating weakly and with limited support for the polyethylene glycol market.

According to polyethylene glycol analysts from Business Society, the short-term raw material ethylene oxide may continue to affect the market. Downstream orderly stocking before the holiday is expected, and the market atmosphere is still good. It is expected that polyethylene glycol prices will remain stable in the short term, and more attention should be paid to market news guidance.