The price of ethylene glycol fell in March
The price of ethylene glycol will decrease in March 2025. According to data from Shengyi Society, as of March 31, the average price of domestic oil to ethylene glycol was 4521.67 yuan/ton, a decrease of 3.42% from the average price of 4681.67 yuan/ton on March 1.
On March 31, 2025, the basis of Zhangjiagang ethylene glycol spot contract was relatively high, and the transaction price range for this week’s contract was between 4470-4504 yuan/ton (excluding collective transactions). This week’s spot contract basis quotation is+42 to+46, next week’s spot contract basis quotation is+51 to+53, and April’s spot contract basis quotation is+65 to+67.
The spot price of domestic coal to polyester grade ethylene glycol (loose water, tax included, self pickup) per unit is 4220-4250 yuan/ton.
In terms of external ethylene glycol, as of March 31st, the landed price of ethylene glycol in China is 524-528 US dollars/ton, and the landed price of ethylene glycol in Southeast Asia is 536 US dollars/ton.
Port inventory fluctuated horizontally in March
From January to mid February, there was a significant accumulation of ethylene glycol inventory in the port, and in March, the port inventory fluctuated horizontally. On March 27, 2025, the total inventory of ethylene glycol in the main port of East China was 680000 tons, an increase of 8800 tons compared to the total inventory of 671200 tons on March 3; Compared to December 30, 2024, the total inventory was 397300 tons, an increase of 282700 tons.
Recent favorable factors
Recently, international crude oil prices have stopped falling and rebounded, and the drag of cost has slowed down. Coupled with the significant decline in ethylene glycol, the downward space has narrowed.
Starting from April, the planned maintenance volume for spring inspections has increased, and the expected domestic supply of ethylene glycol has weakened.
Recent bearish factors
There is news of a production reduction in downstream polyester, with weak terminal demand and doubts about the subsequent consumption demand for ethylene glycol.
Overall, it is expected that the probability of horizontal fluctuations in the future market of ethylene glycol will increase.
| http://www.sulfamic-acid.com |