Key factors shaping China’s ethylene glycol (EG) market this week include shifts in production, capacity utilization, and downstream activity:
Production & capacity: Domestic EG output hit 396,400 tons (up 11,000 tons/2.85% week-on-week). Total capacity utilization rose 1.67pp to 63.17%—integrated plants reached 64.76% (up 2.42pp), while coal-based EG plants hit 60.48% (up 0.40pp).
Downstream demand: Major downstream polyester capacity utilization edged up 0.24pp to 86.8%, with output at 1.5632 million tons.
Inventory & profits: East China main-port EG inventory climbed 2.25% to 659,500 tons. Integrated EG industry profits stood at -$134/ton (improved 6.94% week-on-week).
These metrics reflect a slight expansion in supply paired with steady downstream demand, influencing near-term EG market dynamics.