please review: ethanol is widely used, available ethanol acetic acid, beverage, flavors, dyes, such as fuel. Medical treatment is also used with volume fraction of 70%-75% ethanol as a disinfectant, in the defense industry, health, organic synthesis, food industry, industrial and agricultural production has been widely used.

This small collection of relevant data, make analysis and forecast for the second half of the week this week ethanol market trend.

Trend summary: Recently, most of the domestic market has remained steady light in ethanol finishing.

Affiliation from the project, the central investment 19354 yuan, an increase of 2.6%, the growth rate down 4 percentage points over 1-9 months; local investment 465075 billion yuan, an increase of 8.7%, accelerating 0.2 percentage points.

From the construction of new projects and the situation, the construction projects with a total investment of 1022874 yuan, an increase of 9.1%, growth was flat with 1-9; the new construction projects with a total investment of 410913 yuan, an increase of 21.8%, the growth rate down 0.8 percentage points over 1-9 months.

From the funds in place, fixed asset investment funds 496675 yuan, an increase of 5.4%, the growth rate down 0.5 percentage points over 1-9 months. Among them, the state budget funds increased by 16.1%, the growth rate down 1.8 percentage points; domestic loan growth of 7.9%, the growth rate down 0.5 percentage points; funds fell 0.3%, the growth rate down 0.3 percentage points; utilization of foreign investment dropped by 20.2%, a decline narrowed by 0.8 percentage points; other funds increased by 32.5%, the growth rate down 0.7 percentage points.

The continued depreciation of the RMB is expected to reduce imports of ethylene glycol
24, the central parity of RMB devaluation of 132 points to 6.7690, refresh the lowest level in 6 years. Due to the U.S. economic recovery form better, leading to enhanced the overall trend of dollar, depreciation of the RMB is still some expected. Due to the continued depreciation of the RMB, the importer operation regression cautious market expectations or will reduce imports. The factors and the price conduction, external bulk overall performance strong, businesses are optimistic about the market outlook of ethylene glycol.

Ethylene glycol futures listed businesses, actively preparing for the

In mid October China Commission approved the Dalian commodity exchange futures of ethylene glycol project application, this means that the ethylene glycol from futures officially listed for trading is a step closer. In order to ensure a greater initiative in the futures market, the mainstream of glycol traders getting goods enthusiasm increased sharply, leading to the recent ethylene glycol market trading atmosphere.

Good profitability of the downstream polyester, receiving ability

The terminal weaving the recent good performance, the devaluation of the renminbi to trade orders increased, while the domestic double 11 stocking was driven by the downstream polyester sales good. According to the statistical information of treasure island, the various specifications of polyester filament market prices firm, “profit” have gone all the way, one of the most profitable FDY in 600 yuan / ton, the worst POY in 250 yuan / ton, DTY profit 400 yuan / ton. To enhance the profitability of the polyester, the formation of effective support for the price of raw material of ethylene glycol.

Overall, although the crude oil are still large uncertainties, but the domestic ethylene glycol has successfully exceeded 5500 yuan / ton mark integer, with the continuous depreciation of the RMB is expected to reduce imports, deposit. In addition, the polyester profit is acceptable, and the strong performance of the overall market is still in the periphery, a certain increase in space.

In mid October, China Commission approved the Dalian commodity exchange futures project application of ethylene glycol. This boost, the domestic ethylene glycol started the current round of rising prices, the market mainstream discourse from the early 5200 yuan / ton starting position.

As of October 24th closing has risen to 5550 yuan / ton, up 6.73%.

Huaxi Village electronic disk can be seen in the figure, the current price has been successfully breaking the previous high of 5480 yuan, and with larger volume. The average was long, and the MACD index and KDJ index showed a strong.

From the analysis of the technical level, although the market is facing greater technical callback requirements, but the overall market strong trend has not changed.

According to Chung Petrochemical network statistics, the coastal port of Ningbo port inventory 120 thousand tons (including Heyuan private sources), Jiangsu port inventory 510 thousand tons, Southern China port inventory 113 thousand tons (including Fujian). Which Guangdong area 93 thousand tons, 20 thousand tons of Fujian.

The recent port to port is less, and more for olefin plant use, market circulation of goods less, port stocks appear to stock trend.

Four, post market forecast

In summary, the mainland market is expected next month down sharply as methanol. At present, the overall market downstream trading is poor, pre or large, high on the downstream are more inconsistent, prices have sharply lower expectations. The main distribution center for the east port of imported methanol, the future will build the northern import Jingtang Port methanol distribution center.

At present, the use of methanol has three companies, Tangshan Sanyou demand of 130 thousand tons / year, Tangshan Xuyang needs 200 thousand tons / year, the realm of Tangshan needs 600 thousand tons / year, the total demand of 930 thousand tons / year; the Tangshan state two methanol demand of 1 million 200 thousand tons / year under construction, is expected to end this year put into operation, then, the Tangshan market demand will reach 2 million 130 thousand tons / year of methanol. While the local existing three methanol production enterprises, Tangshan run 200 thousand tons / year, 100 thousand tons / year, the ancient Tangshan jade Tang Shanwan Feng Xing 100 thousand tons / year, total production of 400 thousand tons / year.

Thus, Tangshan methanol market now demand gap of 530 thousand tons / year, by the end of this year, Tangshan methanol demand gap will reach 1 million 730 thousand tons / year. But because of the east port of the futures price spot market fluctuate obviously, spot market trading is more stalemate, but the port inventory tradable goods less, support market prices, steady decline in port market next month, but it should not be like the mainland market has a larger decline.