1、 Price trend

On August 14, the average ex factory price of oil to ethylene glycol in North China was 3700 yuan / ton, which was the same as last week, according to business agency data.

On August 13, the market price of ethylene glycol in East China was 3710 yuan / ton, down 15 yuan / ton or 0.40% compared with the same period last week.

2、 Analysis of influencing factors

As of August 13, the total ethylene glycol inventory in the main ports of East China was 1.473 million tons, an increase of 37300 tons or 2.72% compared with last Thursday, and a decrease of 7700 tons or 0.54% compared with Monday.

In terms of shipment, the average daily shipment volume of Zhangjiagang and Taicang increased significantly this week, with the average daily shipment volume of Zhangjiagang reaching 6400 tons and Taicang daily average shipping volume of 8200 tons.

At present, the operating rate of ethylene glycol is about 48%, and that of polyester is about 88%, which is the same as last week.

In terms of units, the ethylene glycol unit of Dushanzi Petrochemical Company is in shutdown, and the overhaul time is expected to be one month; the ethylene glycol unit of Tongliao Jinmei has been restarted recently; and the overhaul of ethylene glycol unit of Hengli Petrochemical Company is delayed.

3、 Analysis and prediction

Due to the arrival of ships delayed by the typhoon, inventories rose again at the beginning of this week, and the price of ethylene glycol fell for a time. However, with the rise of downstream loom operating rate, shipment gradually smooth, inventory appeared a small decline, the price also followed. Recently, the oil price has been relatively stable, and the cost side has been supported, which has greatly enhanced the market confidence. The global anti epidemic situation has improved, and the prospect of textile export is in sight. If there is no major change, the price of ethylene glycol is expected to fluctuate upward.