On May 23, 2024, ethylene glycol spot stocks in the main port of East China were significantly reduced, with a cumulative decrease of 10bonanzagamecasinonodepositbonus.2,800 tons, down to 755,200 tons, a significant decrease from the level on April 25.
[Ethylene glycol stocks in East China main port have been significantly reduced] Spot ethylene glycol stocks in East China main port reached 755,200 tons on May 23, 2024, a decrease compared with the inventory on April 25bonanzagamecasinonodepositbonus102,800 tons. The significant decrease this time attracts attention, showing that the market demand for ethylene glycol is rising. The decrease in inventory may be due to increased procurement efforts by downstream companies to meet production needs. As an important chemical raw material, ethylene glycol is widely used in polyester, textile and other fields. The reduction in inventories may also have an impact on the market price of ethylene glycol, so investors need to pay close attention to market dynamics.