The price of ethylene glycol first rose and then fell in January

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 Shengyi Society, as of January 24th, the average price of domestic oil to ethylene glycol was 4711.67 yuan/ton, an increase of 0.5% from the average price of 4688.33 yuan/ton on January 1st. Recently, the price of ethylene glycol has slightly fallen.

As the Spring Festival approaches, spot contract traders have weak trading, and receiving traders are cautious and afraid of high prices. They do not receive many goods, and market trading is average. The contract basis quotation is 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/ton, and the landed price in Southeast Asia was $561/ton.

Reasons for the recent weakening of ethylene glycol prices

1. The inventory data is low, but the arrival at the port has rebounded, and there is 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 is relatively strong.

2. Downstream polyester production may be affected by the operating rate of terminal demand, resulting in a downward shift.