The Biggest Problem Of Removing Ethylene Glycol

Over the past month or so, although international crude oil, related products PTA We all have a decent increase, but the market for ethylene glycol is hard to pick up. 5000-5150 element / The oscillation between tons is difficult to start. What restricts the strength of the glycol market and when can it change the situation?

Comparison of inventory trend of ethylene glycol East China Wharf

In recent years, ethylene glycol has entered a period of rapid development. Two thousand and eighteen In the second half of the year, the newly installed plant has been running steadily and the monthly output has been achieved. Sixty-five More than 10000 tons, the domestic supply situation is stable. In addition, foreign ethylene glycol has great attraction to the Chinese market, and a large number of imported resources are pouring into China. Two thousand and nineteen year Two month Eleven East China East Wharf stock reaches One hundred and two Ten thousand tons, climbed to Two thousand and fourteen year Five The new high since June. At present, market participants have a lingering fear of high inventory and cautious attitude towards rising prices.

Polyester load comparison table

From the perspective of post holiday polyester start up, except for a slight decline in staple fiber, there has been a rise in varying degrees. Pre service maintenance enterprises are gradually restarting. Downstream orders are gradually recovering. With the end of the Spring Festival holiday, factories are resuming work, and centralized restart will occur after mid - high. The overall load of polyester is expected to increase rapidly.

Two thousand and eighteen year Twelve month Ten The market for ethylene glycol futures was listed, and the involvement of speculative capital gradually deepened, and the linkage between ethylene glycol and commodities increased. Rebound in international crude oil and related products PTA Such a strong support for the market, which explains the recent increase in ethylene glycol stocks, and relatively strong price is a good evidence.

At present, the biggest problem of ethylene glycol is that under the condition of stable domestic operation rate, wharf stock is still in the stage of exhausted inventory. Market participants believe that the recent increase in ethylene glycol inventory is fast, in line with market expectations, the market has not experienced a sharp decline, the market rate is at a bottoming stage. However, if the market wants to start, the upgrading of polyester load will improve the delivery situation, and the expectation of exhausted inventory will be eased. So the recovery of polyester load has become the top priority.