In the last trading session, the ethylene glycol (EG) market saw moderate trading activity. The spot EG price in Zhangjiagang climbed 36 CNY/ton, closing at 3718 CNY/ton.
This price uptick is backed by cost-side momentum: rising international crude oil and coal prices have lifted EG’s production cost floor, providing upward support for its market value.
On the supply-demand front: while current EG supply remains relatively stable, the market is entering its traditional off-season. Downstream polyester holds inventory destocking expectations, and the longer-term supply-demand outlook leans soft. These factors have made bullish investors cautious about entering positions.
For the short term, the EG market is expected to trade in a volatile consolidation range. The spot EG price in East China is forecast to fluctuate between 3700 CNY/ton and 3750 CNY/ton in the near term.