According to the Commodity Market Analysis System of Shengyishe, as of March 14th, the average quoted price of polyethylene glycol 400 by enterprises was 7550.00 yuan/ton, which is unchanged from last Friday (March 8th).

In recent times, the polyethylene glycol market has been mainly stable, with stable cost support. Downstream water reducing agents and printing and dyeing industries are mainly buying on demand. The daily chemical industry has stable demand, and the overall transaction performance of the market is average. As of March 14th, the reference price for some imported PEG400 in the East China market is 7700-7900 yuan/ton, while the reference price for some imported PEG400 in the South China market is 7800-8000 yuan/ton.

Cost side:

Upstream ethylene oxide: According to the commodity market analysis system of Business Society, on March 13th, the reference price of ethylene oxide was 6800.00, which was unchanged from March 1st. Recently, upstream ethylene oxide has been operating at a high level, providing strong support for the polyethylene glycol market. The expectation of subsequent equipment maintenance, regional supply or reduction, may continue to support the polyethylene glycol market.

Upstream ethylene glycol: According to the commodity market analysis system of Shengyishe, the reference price of ethylene glycol on March 13th was 4605.00, which is the same as March 1st, and it still provides sufficient support for the polyethylene glycol market.

The polyethylene glycol analyst from Shengyishe believes that the short-term cost side may dominate the market, and market transactions are mainly based on demand. It is expected that the polyethylene glycol market will operate steadily in the short term, and more attention should be paid to the upstream trend of ethylene oxide.