Ethylene glycol market rebound may be limited

Sinochem News News The ethylene glycol, which rose and fell sharply in March, has recently rebounded in the market

Wang Ping, an industry analyst at Longzhong Information, believes that the weak rebound in the ethylene glycol market is mainly due to the impact of the epidemic in East China, the obstruction of delivery and delivery, and the tight spot supply

It is understood that the high price of ethylene glycol this year appeared in early March, and the highest price rose to 5,800 yuan and then fell back

Industry market participants believe that due to factors such as increased supply and limited demand in the later period, it is difficult for the ethylene glycol market to rebound this time

From the perspective of supply, ethylene glycol import terminals are mainly located in East China.

From the perspective of production, the maintenance capacity of the ethylene glycol plant in April involved 620,000 tons/year, the load reduction capacity involved 500,000 tons/year, and the restarted production capacity involved 430,000 tons/year

From the perspective of new production capacity, the new ethylene glycol plant of Xinjiang Guanghui Energy Company is expected to be put into operation in the near future, and it is expected that the supply of ethylene glycol will increase in the later period

On the whole, the supply of ethylene glycol is expected to increase, while the demand in the downstream polyester industry is still sluggish.