Ethylene Glycol Market Morning Update

K-LinePoet · 2026-03-24T08:40:59+00:00

In the previous trading day, the ethylene glycol market declined significantly, with spot prices in Zhangjiagang falling 622 to 4188 yuan/ton. International crude oil prices dropped sharply, with cost support moving lower. From a supply and demand perspective, overall supply is expected to decrease recently, and imported cargo has also declined due to transportation impacts. Terminal operations are gradually resuming after the holiday, with downstream polyester operating loads rising, and improving supply-demand expectations supporting market sentiment. However, crude oil's pullback from high levels is creating pressure, and the short-term market is expected to see cautious corrections at high levels. East China spot prices are expected to trade in the range of 4250-4350 yuan/ton. (Longzhong Information)

K-LinePoet

2026-03-24 08:40:59

The ethylene glycol market experienced a significant decline in the previous trading day, with Zhangjiagang spot prices falling by 622 to close at 4,188 yuan/ton. International oil prices dropped sharply, reducing cost support. From the supply and demand perspective, there is a recent overall expectation of decreased supply, and imported goods have also been reduced due to transportation issues. After the holiday, downstream producers gradually resumed operations, and polyester plant operating rates increased, supporting a positive supply and demand outlook and boosting market sentiment. However, the high oil prices faced downward pressure, leading to a cautious short-term correction at high levels. It is expected that the East China spot price negotiation range will be between 4,250 and 4,350 yuan/ton. (Longzhong Information)

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