SunSirs: The Price of Ethylene Glycol First Rose and Then Fell in January
February 05 2025 09:27:06 SunSirs (John)
The price of ethylene glycol first rose and then fell in January
In January 2025, the price of ethylene glycol first rose and then fell. According to data from SunSirs, as of January 24th, the average price of domestic oil based ethylene glycol was 4,711.67 RMB/ton, an increase of 0.5% from the average price of 4,688.33 RMB/ton on January 1st. Recently, the price of ethylene glycol has slightly fallen.
As the Spring Festival approached, spot contract traders had weak trading, and receiving traders were cautious and afraid of high prices. They did not receive many goods, and market trading was average. The contract basis quotation was relatively stable, with a range of+27 to+28 in mid February and+33 to+34 in lower February.
In terms of external ethylene glycol, the landed price in China on January 23 was 550 US dollars/ton, and the landed price in Southeast Asia was 561 US dollars/ton.
Reasons for the recent weakening of ethylene glycol prices
The inventory data was low, but the arrival at the port rebounded, and there was a certain accumulation of inventory data at the port. Coupled with the approaching Spring Festival holiday, the expectation of accumulated inventory caused by imported goods arriving at the port during the holiday was relatively strong.
Downstream polyester production may be affected by the operating rate of terminal demand, resulting in a downward shift.
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