In the first quarter of 2015, the ethylene glycol market showed a slow bull trend

wallpapers Industry 2020-12-09
After experiencing a sharp decline in the second half of 2014, the ethylene glycol market entered a bottoming stage at the end of the year. Just as crude oil fell and market panic spread, the market staged a Jedi rebound with the help of geopolitics, the US economic data and other factors. Although the rise is still to be observed, the recent market price near $50 / barrel has calmed the worries of the industry. And the crude oil market stop down a shock upward also let the glycol market fundamentals of the positive factors began to ferment. In terms of price comparison, the average price in the first quarter of 2015 was 5985 yuan / ton, down 1.93% month on month and 14.55% year-on-year. The main reason for the decline is closely related to the impact of fundamentals and crude oil.

is due to the fact that the overall operating rate of ethylene glycol manufacturers is maintained at about 60%, and the downstream procurement demand is normal; the sharp rise of crude oil has a great impact on the ethylene glycol market. It is expected that the market price of ethylene glycol will be affected by the low spot stock of domestic ports and the news of crude oil outside, which will maintain a volatile upward situation.

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