Ethylene Glycol Prices Trend In The Second Half of The Year

As one of China's largest foreign dependence on the bulk of chemical products, ethylene glycol current domestic gap is about 8 million tons per year. Insiders said that the traditional season in September and October, the cost of coal increase by about 70%, ethylene glycol prices may be risen in the second half year.

From the downstream customers, the demand for the second half has season support. Ethylene glycol as a basic chemical raw materials, mainly used in the manufacture of polyester fiber, bottle, the downstream of the textile and garment industry and food and beverage industry.

From the upstream supply side, an industry analysis, although the second half of 2017 and 2018 have new capacity put into operation, there is still a certain technical requirements of coal glycol. From the upstream cost side, coal prices are lingering key factors. The industry is a rough estimate, the current domestic coal glycol full cost of 5,000 yuan / ton.