Group 1 - The core viewpoint of the articles indicates that the domestic futures market for ethylene glycol is experiencing a slight upward trend, with the main contract priced at 3685.00 yuan/ton, reflecting a 0.60% increase [1] Group 2 - On the supply side, it is noted that ethylene glycol production capacity is expected to continue increasing in 2025, with three new facilities added by early December, resulting in a total production capacity of 30.075 million tons as of the end of November, which is a year-on-year increase of 4.34% [2] - Demand for ethylene glycol is showing signs of weakening, as downstream polyester operating rates have slightly decreased to 91.2%, and terminal weaving machine operations have also seen a local decline, leading to reduced inventory levels [2] - As of December 11, the total MEG inventory in the main ports of East China reached 755,000 tons, an increase of 5,200 tons from the previous period, with specific inventories reported for various ports [2] Group 3 - Looking ahead, the market is expected to experience low-level fluctuations in the short term, with expectations of inventory accumulation before and after the Spring Festival, and a significant number of new production facilities anticipated to come online in the new year, which may continue to exert pressure on ethylene glycol prices [2]
春节前后累库预期犹在 预计乙二醇依旧承压运行
Jin Tou Wang·2025-12-16 07:04