The price of ethylene glycol fell in March
The price of ethylene glycol will decrease in April 2025. According to data from Shengyi Society, as of April 18th, the average price of domestic oil to ethylene glycol was 4353.13 yuan/ton, a decrease of 4.78% from the average price of 4571.67 yuan/ton on April 1st.
On April 18, 2025, Zhangjiagang ethylene glycol spot contracts were mainly purchased at low hanging prices, with average trading. This week’s contract transaction price range is 4146-4185 yuan/ton (excluding collective transactions). This week’s spot contract basis quotation is+51 to+55, April’s spot contract basis quotation is+60 to+65, and May’s spot contract basis quotation is+68 to+75.
The spot price of domestic coal to polyester grade ethylene glycol (loose water, tax included, self pickup) per unit is 3960-4100 yuan/ton.
In terms of external ethylene glycol, as of April 17th, the landed price of ethylene glycol in China was 481 US dollars/ton, and the landed price of ethylene glycol in Southeast Asia was 510 US dollars/ton. The price of external ethylene glycol has dropped significantly compared to the beginning of the month.
Port inventory fluctuated horizontally in April
From January to mid February, there was a significant accumulation of ethylene glycol inventory in the port, and from March to April, the port inventory fluctuated horizontally. On April 17, 2025, the total inventory of ethylene glycol in the main port of East China was 706700 tons, an increase of 34800 tons compared to the total inventory of 671900 tons on March 31; The total inventory as of December 30, 2024 was 397300 tons, an increase of 309400 tons.
The main reasons for the weak downward trend of ethylene glycol in April are as follows:
1. The cost side has significantly decreased. Both coal to ethylene glycol and petroleum to ethylene glycol have experienced significant declines in the prices of raw materials such as coal and crude oil. The benefits of oil to ethylene glycol have improved significantly, but the cost support is no longer available.
2. On the demand side, under the high production of downstream polyester, the demand increase is limited, and the terminal expectations are weak, resulting in negative feedback on the expected raw material ethylene glycol. With the passage of time, negative feedback may become increasingly apparent, especially for downstream filament after the 90 day exemption period. With the expectation of questionable overseas orders and weak domestic orders, downstream polyester production rates may actually decline.
From March to April, due to the decline in raw material prices, coal to ethylene glycol production was boosted by profits, resulting in unexpected spring inspections and delayed maintenance of some parts. The parking and landing of domestic facilities did not meet expectations.
In April, the port arrival volume was relatively large, and the import supply was also sufficient. Overseas ethylene glycol prices fell significantly due to international crude oil factors.

1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the PVC spot market fluctuated within a range this week (4.14-18), and the price performance was weak. As of Friday, the average price of SG-5 PVC carbide method in China was 4785 yuan/ton, with a price drop of 0.48% during the week.
2、 Market analysis
This week, PVC’s weak consolidation was the main focus, with some manufacturers lowering their prices by around 50 yuan/ton during the week. The main reason is the lack of favorable fundamentals, resulting in weak performance of crude oil prices and a volatile decline in the futures market. PVC prices continue to show a weak trend, with a slight downward shift in the overall range. From the perspective of supply and demand fundamentals, the spot PVC market has shown loose supply and demand, and most manufacturers are operating stably. The supply pressure has not changed much, dealers’ offers are generally weak, downstream demand performance is insufficient, downstream procurement is mainly based on spot prices, inquiry and procurement enthusiasm is not high, and the market atmosphere is sluggish. The hanging order price is relatively low. Overall, it is still mainly driven by basic needs, and the trading atmosphere is average. As of now, the quotation range for PVC SG5 electrical aggregate in China is mostly around 4750-4880 yuan/ton.
In terms of upstream calcium carbide, the performance of the calcium carbide market was sluggish this week, with weak price increases and price stabilization. According to the commodity analysis system of Shengyi Society, the price fluctuation this week was 0. The price is still relatively low, with limited support for PVC.
3、 Future forecast
The PVC analyst from Shengyi Society believes that the sluggish performance of the PVC spot market is mainly due to insufficient downstream operating rates, average demand, and difficulty in improving the supply-demand pattern in the short term. It is expected that PVC prices will continue to maintain a range adjustment pattern next week.

According to the commodity analysis system of Shengyi Society, the hydrogen peroxide market remained weak and stabilized in the first half of April. On April 1st, the average market price of hydrogen peroxide was 690 yuan/ton. On April 17th, the average market price of hydrogen peroxide will be 683 yuan/ton, a decrease of 0.97% in price.
Negative led hydrogen peroxide market remains weak and stable
In the first half of April, the terminal demand in the printing and papermaking industry was sluggish, and some domestic hydrogen peroxide manufacturers shut down for maintenance to alleviate supply pressure. The price of hydrogen peroxide continued to operate weakly, and the average price in the domestic market fell to around 680 yuan/ton. After the price decline, it tended to stabilize. The hydrogen peroxide market continues to decline, with poor market transactions and mainly weak market fluctuations.
Business Society’s hydrogen peroxide analyst believes that in late April, the demand for terminal printing and papermaking industry will still be weak, and the future market for hydrogen peroxide will continue to weaken.

1、 Market price trend
Affected by the supply and demand situation, the price of acrylic acid in the market continued to decline this week. The specific price data may vary by region and different specifications, but the overall trend is downward. As of April 16th, the benchmark price of acrylic acid in Shengyi Society was 7800.00 yuan/ton, a decrease of 0.4% compared to last week (7833.33 yuan/ton).
2、 Supply situation
The load of the acrylic acid production plant has remained stable recently, which means that the supply in the market has not decreased due to production issues. However, this may also lead to the gradual accumulation of finished product inventory in the market.
Although the production equipment load is stable, the finished product inventory in the acrylic acid market is being digested. This may be due to a rebound in downstream demand or corresponding inventory management measures taken by manufacturers. However, the speed of inventory digestion may still be insufficient to prevent a decline in market prices.
The continuous low price of propylene has weakened cost support, and the room for enterprises to lower prices has expanded. As of April 16th, the benchmark price of propylene in Shengyi Society was 6723.25 yuan/ton, a decrease of -0.33% compared to the beginning of this month (6745.75 yuan/ton).
3、 Weak demand side:
Downstream industries are weakening: The demand for end use applications (such as coatings, adhesives, textiles, etc.) is sluggish, especially in industries such as construction and automobiles, which have experienced a decline in business prosperity, leading to a low willingness to purchase.
Export restrictions: Shrinking demand in overseas markets or trade barriers (such as anti-dumping) may suppress exports and exacerbate domestic oversupply.
4、 Future forecast
It is expected that the domestic acrylic acid market will maintain a weak consolidation trend in the short term. This is mainly due to weak downstream demand and relatively stable supply in the market. Therefore, until there are obvious favorable factors, it may be difficult for the price of acrylic acid in the market to rebound significantly. However, it should also be noted that the market is always full of variables, and any policy adjustments, industry dynamics, or macroeconomic changes may have an impact on market prices.
In summary, the acrylic acid market continued its downward trend this week, mainly due to the results of the supply-demand game. In a situation where supply is relatively stable but demand is weak, it is difficult for market prices to rebound significantly. Therefore, cargo holders and downstream users need to closely monitor market dynamics and industry changes in order to develop reasonable procurement and sales strategies.

1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol first fell and then rose this week, and overall the price has fallen. At the beginning of the week, the average price of isopropanol in China was 6666.67 yuan/ton, and the average price over the weekend was 6558.33 yuan/ton, with a price reduction of 1.63%.
This week, the market price of isopropanol first fell and then rose, indicating an overall decline in prices. The price of raw material acetone first fell and then rose, and the isopropanol market adjusted accordingly. With the rebound of the acetone market and favorable cost conditions, the confidence in the isopropanol market has improved, and the intention to offer discounts has weakened. But downstream customers are cautious in their purchases, and actual transactions are limited. As of now, most of the isopropanol market prices in Shandong are around 6400-6550 yuan/ton; The majority of prices in the isopropanol market in Jiangsu region are around 6600-6700 yuan/ton.
In terms of raw material acetone, the domestic acetone market price first fell and then rose this week. At the beginning of the week, the average price of acetone in China was 6087.5 yuan/ton, and the average price over the weekend was 5950 yuan/ton, with a price reduction of 2.26%. At present, the trading atmosphere of acetone in the market is improving, and the market focus is increasing.
In terms of propylene, the domestic propylene market is on the rise. At the beginning of the week, the market was at 6723.25 yuan/ton, and the average price over the weekend was 6785.75 yuan/ton, with a price increase of 0.93%. At present, manufacturers are mainly pushing up prices, and the market mentality is good.
3、 Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the rebound in acetone market prices and the rise in propylene prices provide strong cost support and significant support for the trend of isopropanol. It is expected that the isopropanol market will strengthen and consolidate in the short term, and more attention will be paid to changes in the raw material market.