1、 Price trend
| PVA 1788 (PVA BP17) |
On September 18, the average ex factory price of oil to ethylene glycol in North China was 4000 yuan / ton, which was the same as last week, according to business agency data.
On September 17, the market price of ethylene glycol in East China was 3810 yuan / ton, down 30 yuan / ton or 0.78% from the same period last week.
2、 Analysis of influencing factors
As of September 17, the total ethylene glycol inventory in the main ports of East China was 1.3015 million tons, a decrease of 68600 tons (5.01%) compared with last Thursday and 23600 tons (1.78%) compared with Monday.
In terms of shipment, Zhangjiagang and Taicang continued to decline this week, with an average daily shipment of about 4600 tons in Zhangjiagang and 6900 tons in Taicang.
| PVA |
At present, the operating rate of ethylene glycol is about 59%, which is 3% higher than last week; the operating rate of polyester is about 89%, which is basically the same as last week.
In terms of units, the ethylene glycol unit with an annual output of 600000 tons is currently in the commissioning stage, and the gasifier is in commissioning, and the overall operation load is not high. Zhongyan hongsifang’s 300000 ton ethylene glycol plant suffered a small failure during the restart last week, and is ready to restart according to the situation in the near future.
3、 Analysis and prediction
As some foreign units stopped due to force majeure and Saudi Arabia’s supply of goods to Hong Kong decreased, although the shipment from the wharf was poor this week, the inventory continued to decline. At the same time, the resumption of domestic coal making plant is slow, which also makes some factors to remove the storage. From the demand terminal point of view, the current weaving operating rate is slowly rising, but due to the poor consumption of polyester inventory, the current demand for ethylene glycol is still insufficient. Therefore, in the short term, the price of ethylene glycol may rise due to the stimulation of destocking and supply reduction. In the long term, we need to continue to pay attention to the power of new production capacity and the consumption status of downstream polyester.
| http://www.pva-china.net |