CITIC Futures: Cost-side support still exists, and ethylene glycol prices remain firm amid reduced supply

2026-03-19 01:25:10

International oil prices remain high, and domestic ethylene glycol cracking enterprises continue to implement production cuts. Coupled with maintenance at Yulin Chemical, Yumen, and other facilities, domestic ethylene glycol operating rates have dropped to around 67%. Future focus will be on further changes in oil-based enterprises. Crude oil prices stay elevated, providing cost support. From March to May, the supply and demand outlook for ethylene glycol is expected to improve significantly. Recently, prices have fluctuated within a high range, and future attention will be on overseas logistics and new facility developments. (CITIC Futures)

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