On the supply side, total domestic ethylene glycol construction this week increased 6.3 percentage points month-on-month, and coal production increased 3.6 percentage points month-on-month. Ethylene glycol port stocks in East China's main port area fell by 67,000 tons month-on-month this week. The main port in East China is scheduled to arrive at about 37,000 tons last week. On the demand side, bottle and staple fiber factories stepped up production cuts this week, and polyester load fell 3.1 percentage points, the sixth consecutive week of decline. New orders from the weaving side have improved slightly. Overall, knitting is still better than weaving, and conventional woven varieties are relatively weak. The operating rate of terminals in Jiangsu and Zhejiang has rebounded. In short, domestic ethylene glycol construction has increased dramatically, supply has increased, and overall supply and demand are expected to be in tight balance from the previous drastic removal of storage. However, imported supplies remained low, port inventories fell to historic lows, and spot circulation was still tight. Coupled with repeated geographical situations, costs have soared sharply. Short-term ethylene glycol futures are expected to maintain a strong pattern, focusing on strait traffic conditions, imports to the port, and energy price trends.

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