On May 6th, the benchmark price of ethylene glycol in Shangshang Society was 4208.33 RMB/ton, an increase of 1.32% compared to the beginning of this month (4153.33 RMB/ton).
At present, the average spot price of ethylene glycol is within a relatively low range in history, but the supply pressure of ethylene glycol is still in the short term. In terms of demand, the start of terminal looms has slightly weakened, and some polyester factories have production reduction plans, suppressing the upward trend of ethylene glycol prices; The fundamentals of ethylene glycol are still weak. Ethylene glycol has been in a negative profit price range for a long time. Currently, it mainly relies on the increase in equipment maintenance scale and the reduction in supply, coupled with the weakening of supply caused by medium to long-term production changes and the expected support of downstream demand that may improve; We still need to wait and see the specific expected landing performance.
It is expected that in the short term, the probability of weak and volatile ethylene glycol trading in the future will increase, with an average price range of around 3950-4200 RMB/ton.
