1、 Price trend

The ex factory price of glycol fell this week, according to data from the business agency. On February 14, the average ex factory price of oil to glycol in North China was 4500 yuan / ton, down 4.59% from last week.

At the beginning of this week, the price of ethylene glycol single can in East China was 4375 yuan / ton, and on Friday, the price was 4340 yuan / ton, down 35 yuan / ton, down 0.8%.

2、 Analysis of influencing factors

As of February 13, the total operating rate of ethylene glycol in China was 69.95%, down 0.43% from last week, slightly down.

In terms of units, the 300000 t / a coal to ethylene glycol project of Shaanxi Weihe Binzhou Chemical Co., Ltd. has been ready for resumption at the beginning of this month; the ethylene cracking unit of Dalian Hengli Petrochemical Co., Ltd. is currently running stably, and the 900000 T / a ethylene glycol unit of phase II has been put into operation successfully.

As of February 13, the glycol inventory in the main reservoir area of East China was about 621000 tons, an increase of 23000 tons or 3.85% compared with last Thursday, and a decrease of 5000 tons or 0.8% compared with this Monday.

In the downstream, the polyester operating rate was 58.60%, down 2.5% from last week.

3、 Analysis and prediction

Due to the impact of the epidemic, the resumption of work in the downstream of glycol was slow, and the arrival of goods at the port was also delayed. According to the news, the daily delivery volume of the port this week is about 11200 tons, and the inventory and delivery are at an absolute low compared with the same period last year. At present, the terminal weaving operation rate is slowly picking up, and the crude oil price continues to rise. In the long term, the price of glycol will be supported. However, due to the gradual mass production of new domestic production capacity, the future market price has been suppressed. Glycol prices are expected to continue to fluctuate slightly in the near future.