According to statistics of Ningbo Customs, Ningbo Port imported 540 thousand tons of ethylene glycol in the first half of this year, valued at US$520 million, an increase of 18.9% and 44.2% respectively over the same period of last year, mainly from Saudi Arabia and Canada.
The Ningbo Port is China's main import port for ethylene glycol. In 2004, the import volume reached 975 thousand tons, accounting for 28.8% of the national import volume. The average price of ethylene glycol in the first half of the year was 963.1 US dollars (ton price, the same below), an increase of 21.3% over the same period of last year. In April, the import price of ethylene glycol reached 1072 US dollars.
East China is the main producing area and consumer market of polyester chips, and it has also become the target sales market for ethylene glycol manufacturers at home and abroad, and it is also the vane indicator of ethylene glycol market price trends. Since the beginning of this year, the import of ethylene glycol at the Ningbo Port has continued to increase substantially, mainly due to three reasons:
First, due to the large increase in domestic polyester production, the gap in ethylene glycol has increased. The huge gap between supply and demand in China's ethylene glycol market has attracted a steady stream of imported products into the domestic market, directly pushing up prices.
Second, the international crude oil prices remain high and directly drive the Ningbo Port's trade volume of ethylene glycol to increase substantially. In recent years, the price of international crude oil has risen sharply, and domestic and foreign ethylene glycol prices have also shown an upward trend year by year.
Third, at present, ethylene glycol devices in China all use ethylene oxidation to produce ethylene oxide, and then add ethylene oxide to produce ethylene glycol. Affected by the supply and demand relationship, manufacturers increase the amount of ethylene oxide products while increasing the ex-factory price of ethylene oxide. Under the influence of the price effect, manufacturers play a positive role in the rise in the price of ethylene glycol.
The Ningbo Port is China's main import port for ethylene glycol. In 2004, the import volume reached 975 thousand tons, accounting for 28.8% of the national import volume. The average price of ethylene glycol in the first half of the year was 963.1 US dollars (ton price, the same below), an increase of 21.3% over the same period of last year. In April, the import price of ethylene glycol reached 1072 US dollars.
East China is the main producing area and consumer market of polyester chips, and it has also become the target sales market for ethylene glycol manufacturers at home and abroad, and it is also the vane indicator of ethylene glycol market price trends. Since the beginning of this year, the import of ethylene glycol at the Ningbo Port has continued to increase substantially, mainly due to three reasons:
First, due to the large increase in domestic polyester production, the gap in ethylene glycol has increased. The huge gap between supply and demand in China's ethylene glycol market has attracted a steady stream of imported products into the domestic market, directly pushing up prices.
Second, the international crude oil prices remain high and directly drive the Ningbo Port's trade volume of ethylene glycol to increase substantially. In recent years, the price of international crude oil has risen sharply, and domestic and foreign ethylene glycol prices have also shown an upward trend year by year.
Third, at present, ethylene glycol devices in China all use ethylene oxidation to produce ethylene oxide, and then add ethylene oxide to produce ethylene glycol. Affected by the supply and demand relationship, manufacturers increase the amount of ethylene oxide products while increasing the ex-factory price of ethylene oxide. Under the influence of the price effect, manufacturers play a positive role in the rise in the price of ethylene glycol.
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