According to the Commodity Market Analysis System of Shengyishe, as of May 17th, the average quoted price of polyethylene glycol 400 by enterprises was 8225.00 yuan/ton, a decrease of 0.60% compared to Monday’s price.

The price of polyethylene glycol in the market fluctuated slightly this week. Recently, the market price of raw material ethylene oxide has decreased, and cost support has become loose. Downstream industries such as pharmaceuticals and daily chemical products are mainly buying according to demand, and the market transaction atmosphere is average. Business owners have a strong wait-and-see attitude, and holders can flexibly adjust their quotations based on their own inventory situation.

Upstream ethylene oxide: On May 17th, the factory listing price of ethylene oxide in mainstream markets in various regions of China was lowered, and the ethylene oxide market in East China was executed at 6900 yuan/ton externally. Upstream ethylene oxide prices have fallen, weakening support for the polyethylene glycol market.

Upstream ethylene glycol: According to the commodity market analysis system of Shengyishe, the reference price of ethylene glycol on May 16th was 4425.00, a decrease of 1.26% compared to May 1st (4481.67). Since May, the market price of ethylene glycol has slightly declined, showing weak support for the polyethylene glycol market.

The polyethylene glycol analyst from Shengyishe believes that the current market transactions are mainly based on demand, and the short-term cost side may dominate the market. It is expected that in the short term, the price trend of polyethylene glycol may follow the raw material ethylene oxide, and more attention should be paid to market news guidance