Ethylene glycol prices fluctuate at high levels
The price of ethylene glycol fluctuated at a high level in February. According to data from Business Society, as of February 29th, the average price of domestic oil to ethylene glycol was 4630 yuan/ton, an increase of 7.49% from the beginning of the year (January 1st) at 4307.5 yuan/ton.
Due to factors such as overseas device news in December 2023 and continuous inventory depletion, the price of ethylene glycol has gradually fluctuated horizontally after climbing to a nearly one-year high.
After the holiday, the supply of ethylene glycol has rebounded, and the port to port capacity has recovered to 110000 to 120000 tons. With the restart of satellite petrochemicals in China, the production of equipment has rebounded. Last week, the total domestic ethylene glycol production capacity utilization rate was 65.88%, an increase of 2.88% compared to the previous week. Among them, the integrated unit production capacity utilization rate was 68.73%, an increase of 2.79% compared to the previous week; The utilization rate of coal to ethylene glycol production capacity was 60.79%, with a month on month increase of 2.85%.
| http://www.thiourea.net |