Galaxy Futures: Increasing Parking at Home and Abroad, Ethylene Glycol Supply Tightens

K-LinePoet · 2026-04-08T06:29:42+00:00

Due to raw material supply influences, the operating rates of domestic ethylene glycol production enterprises from ethylene cracking have declined to varying degrees. Currently, companies in Zhejiang, Jiangsu, Hainan, and Fujian are involved. Zhejiang Petrochemical's load has decreased month-on-month, while Hainan Refining & Chemical and Fulin are operating at lower loads. Synthesis gas-based plants at Yulin Chemical and Yulin Energy & Chemical are performing maintenance as scheduled. Sabic announced force majeure internationally, and Malaysia Petroleum is conducting scheduled maintenance recently, expected to continue until the end of May. Ethylene glycol inventory at East China ports remains high with weak basis, and overseas supply losses are gradually becoming apparent. Imports in April are expected to be significantly reduced, with a large destocking margin. (Galaxy Futures)

K-LinePoet

2026-04-08 06:29:42

Due to domestic raw material supply constraints, the operating rates of domestic ethylene cracking to produce ethylene glycol plants have declined to varying degrees. At present, it is understood that companies in Zhejiang, Jiangsu, Hainan, Fujian, and other regions are all involved. The load of Zhejiang Petrochemical has fallen on a month-over-month basis, and Hainan Petrochemical and Fufeng are running with relatively low loads. For coal gasification to produce ethylene glycol, Yulin Chemical and Yunneng Chemical are both carrying out maintenance as scheduled. Overseas, Sabic has announced force majeure. In Malaysia, PetroChina is carrying out maintenance as scheduled in the near term, which is expected to continue until the end of May. Ethylene glycol inventories at the East China ports are at a high level, with a weak basis. The amount of lost overseas supply is gradually becoming apparent. In April, the import volume is expected to drop significantly, and the destocking decline is relatively large. (Galaxy Futures)

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