The Traditional Peak Season Is Approaching, And Ethylene Glycol Is Surging And Climbing

　　 Introduction: With the approaching of the traditional peak season of gold, silver and ten, the glycol market has gradually come out of the trough. Is the rise of ethylene glycol a flash in the pan or market support?

With the easing of public health events in Europe, the demand for ethylene glycol in Europe has increased, which has driven up the market price in Europe. Compared with the domestic market price, the price of ethylene glycol in Europe is more attractive. In addition, India's polyester production is relatively large, and India's demand for ethylene glycol increases, and the global ethylene glycol flows into Europe, India and other places.

　　 From the overseas maintenance situation The two units of Dow in Canada are scheduled to be overhauled in mid August and early September, and the four units in South Asia in Taiwan have rotation inspection plan from July to September. Shell of the United States also reported the overhaul plan in September. It can be seen that the domestic import source of goods may have a large reduction.

　　 Judging from the situation of domestic factories At present, the comprehensive operating rate of ethylene glycol is 52.16%, including 64% for petroleum and 29.76% for coal. Under the large loss of coal production process profit, large-scale shutdown and maintenance appeared in the coal plant, and the starting load has reached the bottom, dragging the domestic overall starting load. From the point of view of domestic supply and demand balance, domestic ethylene glycol can just maintain the balance of supply and demand without coal production capacity, and even meet the situation that the supply exceeds demand to a certain extent. With the rise of market price, the willingness to restart some low-cost coal plants will increase. In order to suppress the coal chemical industry, so the ethylene glycol market growth space is still subject to coal to start costs.

　　 From the perspective of downstream and terminal With the approaching of gold, silver and ten, the terminal has received autumn and winter orders, and the foreign trade market has gradually adapted to the changes in the international situation. In particular, the arrival of autumn and winter fabric orders has gradually opened up the situation and the sales volume has begun to improve. Although grey cloth inventory is still maintained at the high level of 45 days, but the terminal is expected to improve, supporting polyester plant operating load to maintain at a high level. Although affected by the epidemic situation, this year's golden season is not as good as the previous years, but it will still be an outbreak point this year.

　　 On the whole At the present stage, the ethylene glycol market is under the confrontation between the expected improvement of supply and demand margin and the pressure of high spot inventory, and the market is in a shock climbing stage of two steps and one step backward. With the gradual promotion of gold, silver and ten, the market price may stand on the 4000 yuan mark again if the expectation of better supply and demand can be realized gradually. However, it is still necessary to be alert to the negative pressure on the market caused by the release of new ethylene glycol production capacity in September and October.