Loose price of ethylene glycol
The price of ethylene glycol has started to loosen this week. According to data from Shengyi Society, as of July 31st, the average price of domestic oil to ethylene glycol was 4436.67 yuan/ton, a decrease of 0.60% from last Friday’s average price of 4463.33 yuan/ton; Compared to the average price of 4396.67 yuan/ton on July 1st, the price of ethylene glycol has increased by 0.91%.
In terms of imported ethylene glycol, on July 31, 2025, the spot contract price of ethylene glycol at the port first strengthened and then weakened with the market, with a trading range of 4480-4490 yuan/ton. The intraday basis slightly strengthened, and this week’s spot contract intraday basis range was+67 to+72. As of the close, the night trading low hanging basis is between+73 and+74.
The spot price of domestic coal to polyester grade ethylene glycol (loose water, tax included, self pickup) per unit is 3950-4100 yuan/ton.
In terms of external ethylene glycol, as of July 28th, the landed price of ethylene glycol in China is 528 US dollars/ton, and the landed price of ethylene glycol in Southeast Asia is 546 US dollars/ton.
Port inventory remained relatively low in July
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. From May to June 2025, there will be a significant decrease in the inventory of ethylene glycol at the main port in East China. Currently, the inventory of ethylene glycol at the port is relatively low. As of July 28th, the total inventory of ethylene glycol in the East China main port was 456500 tons, a decrease of 85500 tons from the total inventory of ethylene glycol in the East China main port on July 3rd, which was 542000 tons.
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