Diethylene glycol tight balance to the beginning or continuation

2013 spot to start the second half of diethylene glycol end of a long and continuous adjustment of strength , a key factor in the meantime from the downstream restocking cycle , significantly reducing the amount of pressure over the first half . Port prices showed a negative correlation with stocks and stock price changes in advance , diethylene glycol stocks peaked in the first half to 13 million tons level, and relatively low in early March and the end of June this year, respectively, in 7350 and 7450 yuan / ton in east out of the tank . Wholesale masking tapeDiethylene glycol stage a rebound along with the amount of inventory reduction . Early August to late November , diethylene glycol prices continued to adjust , but remain high inventory data also showed significantly reduced the amount of drag the limited market pullback space. Compare last year's inventory data has been low, also on December 8 last year launched a wave of strong market is expected to generate the strong , to do more to improve mood .

In early December, East China , Hong Kong stocks have dropped to near 55,000 tons , at a low level in recent years , significantly lower than normal inventory levels . Performance-based demand for 880,000 tons / year, the average monthly amount of 7.3 to 7.5 apparent tons, the equivalent of the actual demand in the downstream 6.5 to 70,000 tons , diethylene glycol significantly lower inventory levels , inventory data in early December low at last year's 69,000 tons , or continue to support the high prices of diethylene glycol , diethylene glycol or continuation of a tight balance to early next year.

In the device , the 2013 Ningbo Wo addition of methanol to olefins project goes into production of ethylene glycol , ethylene glycol plant as well as other petroleum law Sinopec Wuhan ethylene glycol additional 280,000 tons of production capacity , diethylene glycol byproduct in 20000 tons / year. Also CNPC Sichuan ethylene glycol production capacity increased to 380,000 tons , diethylene glycol byproduct 3-4 million tons, the continuation of feeding to postpone the first quarter of 2014 . The other process routes , mostly coal- production capacity of ethylene glycol , Masking tapeethylene glycol, diethylene glycol no byproduct . Incomplete ethylene glycol plant oil law this year, an increase of about 1.16 million tons , an increase of byproduct diethylene glycol about 50,000 tons / year. Diethylene glycol 2013 China is expected to total supply of 880,000 , of which domestic production 280,000 tons ( 32% ) , total imports of 600,000 tons ( 68% ) .

Domestic diethylene glycol serious shortage of production capacity hope continues to maintain the high import dependence . Washi tapeThere are three sets of the year ethylene glycol unit lysis method to add, but a continuous extension of the feeding device . Ningbo Wo Yuan 500,000 tons of ethylene glycol production unit in February this year , Sinopec Wuhan Huazhong company 280,000 tons of ethylene glycol production unit in mid-August , another Sichuan Petrochemical 380,000 tons of ethylene glycol unit has not yet put a clear message , or is expected to be postponed to the first quarter of 2014 . Inventory stocks to early December fell near two-year low of 56,000 tons , stocks will not rise significantly before the expected end of the year .Sellotape