According to the Commodity Market Analysis System of Business Society, as of March 27th, the average quoted price of polyethylene glycol 400 by enterprises is 7550.00 yuan/ton, which is basically the same as the price at the beginning of the month.
In March, the market for polyethylene glycol 400 remained stable with minor fluctuations. As of March 27th, the quotation for some imported PEG400 in the East China market is based on 7700-7900 yuan/ton, while the quotation for some imported PEG400 in the South China market is based on 7800-8000 yuan/ton, for reference only. Actual negotiations are the main focus.
Price influencing factors:
Cost side:
Ethylene oxide: In the production process of polyethylene glycol, ethylene oxide is one of the main raw materials and has a significant impact on the polyethylene glycol market. In March, supported by supply side contraction, the ethylene oxide market maintained a high trend, and costs faced strong support from the polyethylene glycol market. Currently, the utilization rate of ethylene oxide production capacity is at a low level, and downstream cautious observation and follow-up may continue to support the polyethylene glycol market in the short term.
Supply and demand side:
In March, the market supply and demand remained relatively stable, and the demand for polyethylene glycol was widely used. The downstream water reducing agent industry followed up relatively slowly, and the atmosphere for new orders in the market was flat. The downstream pharmaceutical and daily chemical industries maintained stable demand, while the downstream textile industry was in the traditional peak season of “gold, silver, and four”. The enthusiasm for inquiries was still good, and the overall market transactions were mainly based on rigid demand.
Future Market Forecast:
According to polyethylene glycol analysts from Business Society, the trend of the domestic polyethylene glycol market in March was mainly influenced by the raw material ethylene oxide, with downstream inquiries and purchases mainly in demand. The market atmosphere is relatively stable, and it is expected that in April, the trend of polyethylene glycol may follow the raw material ethylene oxide, and more attention should be paid to market news guidance.
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