Ethylene glycol futures market can help enterprises to deal with price volatility

Ethylene glycol futures market can help enterprises to deal with price volatility, that since 2010 the glycol futures listed on the appeal.

The current situation of the development of China’s ethylene glycol market:

At present, the domestic ethylene production capacity of 8 million 800 thousand tons / year, the main production process with ethylene and coal preparation, accounted for the production of ethylene glycol 60% and 40%. benefit from international oil price decline, is the main force of domestic ethylene glycol production, and production enterprises are mainly Sinopec and PetroChina’s subsidiaries. Among them, Sinopec accounted for total domestic production capacity of 38%. in recent years, with the development of the lower coal prices and coal glycol technology, coal glycol production capacity is also rapidly running. According to statistics, ctmeg projects put into production in 2015 amounted to 1 million tons / year, the project is also a lot of follow-up.