Latest price trends for ethylene glycol in China

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Website data shows that the domestic ethylene glycol market has shown an overall upward trend this week, with a slight rebound occurring in the market. Although international crude oil prices remained weak and on a downward trend at the beginning of the week due to high inventory levels and a strong U.S. dollar, ethylene glycol prices moved in the opposite direction to those of crude oil, showing an upward trend. After falling to the current level, merchants have become more resilient psychologically. Moreover, with the negative impacts of the Federal Reserve’s interest rate hikes having been fully accounted for, and positive signals from domestic macroeconomic policies starting to emerge, the overall market sentiment has improved. Caution among those holding short positions, combined with tentative long-position entries and delivery-related factors, have all contributed to a positive trend for ethylene glycol this week. As of Thursday, the spot price in the East China market was 4,610 yuan per ton, with an average weekly price of 4,467 yuan per ton, representing a 1.18% increase on a week-on-week basis. The U.S. dollar market also showed strength this week, with the average weekly price at 569 dollars per ton, representing a 1.55% increase on a week-on-week basis. For more information on ethylene glycol, please visit Shangyouliwang for detailed details. Youliwang is a B2B one-stop platform dedicated to online chemical trading. By partnering with manufacturers of chemical raw materials, end-users, and chemical traders, the platform consolidates traditional bulk chemical commodities, facilitates online trading, improves transaction efficiency, effectively reduces inventory levels, and helps purchasers cut down on the costs of raw materials. The website offers ethylene glycol-based products to customers across the country at the most competitive prices in the industry along with high-quality service.