Introduction: Recently, a piece of news about the European Union’s anti-dumping investigation into ethylene glycol from the United States and Saudi Arabia has attracted widespread attention. The price of ethylene glycol has fluctuated due to panic.
“The EU official website announced on October 14 that it has decided to conduct an anti-dumping investigation into whether ethylene glycol from the United States and Saudi Arabia is being dumped. The anti-dumping investigation questionnaire for the import sources of ethylene glycol produced in these two countries will It will be issued from January 4, 2021 to February 12, 2021. The investigation results will be pre-disclosed on April 12, 2021, and temporary anti-dumping measures will be issued on May 14, 2021.”
It can be seen from the news , the investigation will start on January 4, 2021, and the results will be disclosed in April-May 2021. It will not be greatly affected at this stage, so there is no need to panic.
From an import perspective, the current 700,000-ton unit of Lotte Chemical and the 280,000-ton unit of Sasol in the United States have been shut down due to the hurricane since August 27 and restarted in October. There is also a certain time lag in the arrival of its goods to China, and exports to China are limited in the short term. In Saudi Arabia, JUPC’s 700,000-ton unit has been inspected and maintained for about a month as planned; the 520,000-ton unit in Yanbu, Saudi Arabia, has an overhaul plan in October. Equipment maintenance also has a certain impact on China’s exports.
From an export perspective, China’s arbitrage window with Europe is still there. If the United States and Saudi Arabia reduce exports to Europe, China’s exports will supplement the European market. Therefore, everyone should be cautious when dealing with this EU anti-dumping investigation against the United States and Saudi Arabia. </p
