Output
Judging from the changes in ethylene glycol output in recent years, China’s ethylene glycol output has been increasing year by year. As the country vigorously develops the real economy during the 13th Five-Year Plan, a large number of companies have been put on the market, and ethylene glycol production has increased significantly from 2016 to 2019. China’s output has increased significantly in 2020, because 2020 is the year for the commissioning of China’s production capacity. Even though the comprehensive start-up is lower than in previous years, the average annual start-up is 63%, a decrease of 5% year-on-year. However, due to the increase in the production capacity base, China’s output Compared with previous years, Shanxi Woneng, Xinjiang Tianye, Zhongke Refining, Sinochem Quanzhou, and Yongcheng Phase II have been put into operation since the third quarter and have achieved mass production. China’s total output in 2020 reached 8.6301 million tons, an increase of 1.4289 million tons or 19.8% compared with the same period last year.
Data source: Jin Lianchuang
Start of construction
Ethylene glycol production in 2020 will be 8.6301 million tons, and the annual average operating rate will be around 63%. January is the early stage of the Spring Festival. East China port inventories are at the lowest level of the year, prices remain high, and construction starts remain at a high level. From February to March, as Hengli’s 900,000-ton and Elco’s 400,000-ton units came into operation, ethylene glycol production showed a significant upward trend. At the end of March, the price of ethylene glycol fell below the 3,000 mark due to the epidemic. As it fell below the cost line, factories began to conduct centralized maintenance due to profit constraints, and the start-up showed a downward trend. By the end of May, the start-up dropped to the lowest level of the year. From June to August, output and start-up were basically stable with little change. In September, the “Golden Nine and Silver Ten” began to exert force. Affected by the improvement in demand, prices began to climb, and start-up and output also increased immediately. In October, start-up reached 64.9%, reaching The highest level in the second half of the year. Later, as the second phase of Sinochem Quanzhou, Zhongke Zhanjiang and Yongcheng came into operation, the production capacity base expanded, and there was a slight decline in construction starts, but output was replenished.
Data source: Jin Lianchuang</p
