Ethylene Glycol Market Morning Update

K-LinePoet · 2026-03-24T23:27:06+00:00

In the previous trading day, the ethylene glycol market rose, with Zhangjiagang ethylene glycol spot prices increasing by 183 yuan to settle at 4,855 yuan/ton. International oil prices declined, leading to a downward shift in cost support. From a supply and demand perspective, overall supply has decreased significantly recently, and imported goods have also been reduced due to transportation disruptions; terminal operating rates have improved moderately under cost pressures, downstream polyester production and sales are average, and downstream procurement is mainly driven by raw material demand. In the short term, the market is expected to see a pullback from high levels. The spot prices in East China are projected to negotiate within the range of 4,650 to 4,750 yuan/ton. (Longzhong Information)

K-LinePoet

2026-03-24 23:27:06

The ethylene glycol market rose in the previous trading day, with Zhangjiagang ethylene glycol spot prices increasing by 183 to settle at 4,855 yuan/ton. International oil prices declined, pushing down cost support. From the supply and demand perspective, overall supply has decreased significantly recently, and imports have also been affected by transportation issues. End-users are operating at a generally higher utilization rate due to cost pressures, while downstream polyester production and sales are moderate, mainly purchasing raw materials on a just-in-time basis. In the short term, the market is expected to see a pullback from high levels, with the East China spot price negotiation range around 4,650-4,750 yuan/ton. (Longzhong Information)

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