First Innovation Research: Geopolitical Risk Premium Declines, Ethylene Glycol Futures Fluctuate at High Levels

K-LinePoet · 2026-03-28T10:09:25+00:00

Geopolitical risk premium declines, and ethylene glycol futures prices fluctuate at high levels. The East China spot market ethylene glycol prices rise, with supply slightly decreasing and inventories increasing. On the demand side, filament factories cut production, polyester operating rates decline, and it is expected that ethylene glycol imports will decrease in the future, leading to overall destocking. Market dynamics and cost changes should be closely monitored.

K-LinePoet

2026-03-28 10:09:25

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According to the first research, geopolitical risk premiums have retreated, and ethylene glycol futures prices are fluctuating at high levels.
In the spot market, the price of ethylene glycol in East China is 4,990 yuan/ton for self-pickup, an increase of 127 yuan/ton compared to the previous trading day.
On the supply side, the domestic ethylene glycol total operating rate this week is 57.97%, a slight decrease week-on-week. The total MEG inventory in the main port area of East China is 952,000 tons, an increase of 31,000 tons week-on-week. On the overseas front, some facilities in Iran are shutting down or suspending exports, and Saudi facilities are operating at low levels, with a significant decrease in ethylene glycol imports expected in March.
On the demand side, filament factories are increasing production cuts, and polyester operating rates have decreased.
Viewpoint: Maintenance of foreign facilities continues, import expectations are declining, and it is estimated that ethylene glycol will be in a destocking state from March to May. In the short term, as geopolitical risk premiums retreat, ethylene glycol futures prices fluctuate at high levels, focusing on the progress of geopolitical situations, changes in domestic and foreign facility operating rates, and cost variations.
(The above is for reference only and does not constitute investment advice.)

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