Ethylene glycol project
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Recently, ethylene glycol has performed very well, with prices continuing to rise; the price of high-quality ethylene glycol has exceeded 7,500 yuan per ton. There are also many new projects being launched. What are everyone’s thoughts on this?
It’s another rush, and in the end capacity reduction is still required!
When oil prices are below $60 per day, coal-based ethylene glycol struggles to survive. Price increases cannot last; it’s just volatility
We’re all working on new projects together, and once they go into operation there will be overcapacity.
Oil prices of 60 are just around the corner. Oil prices fluctuate from time to time; for coal-based ethylene glycol, technological innovation is key.
Currently, the amount of ethylene glycol imported in 2016 reached 8.75 million tons. . . . . .
Ethylene glycol is a widely used substance; especially nowadays, as the most common raw material for polyesters, there are excellent prospects for building facilities for its production.
In the end, integration and capacity reduction are still necessary
There are many projects involved, and it mainly comes down to craftsmanship and cost control; in the end, the company that can produce ethylene glycol at the lowest cost using the most efficient process, and that can manage costs well, will be the one able to succeed in the long run. There aren’t many good coal chemical projects available these days; those that exist are all being developed at the same time. Once they all come online, it will be a race to the bottom in terms of prices.
Coal-based ethylene glycol has a promising future, and the manufacturing process is also well-developed!
There is no regulation at all for launching projects these days; it’s unclear whether they don’t want to regulate or simply lack the capacity to do so