Core Viewpoint - The recent increase in ethylene glycol plant maintenance schedules has alleviated supply-side pressure, but uncertainties from Middle Eastern geopolitical conflicts are driving domestic ethylene glycol market prices higher [1] Group 1: Supply and Demand Dynamics - The domestic ethylene glycol market is experiencing an overall price increase due to heightened maintenance schedules [1] - Despite the price increase, there is an expectation of continued weakening in demand as downstream polyester production decreases ahead of the Spring Festival [1] - Recent concentrated arrivals of ethylene glycol at ports have led to increased port inventories, indicating high near-term accumulation pressure [1] Group 2: Price Trends - As of January 29, the spot price in the Zhangjiagang market has risen to approximately 3,815 yuan per ton, with a spot basis discount of 118-120 yuan per ton against the EG2605 contract [1] - Last week, ethylene glycol futures prices increased by over 5%, but this week has seen a slight decline of about 1% from the previous week [1]
累库压力仍存 乙二醇维持偏弱震荡
Xin Hua Cai Jing·2026-01-29 02:54