Ethylene glycol domestic ex-factory price continues to rise 3 shares are expected to benefit (with shares)

Securities Times Network (www.stcn.com) September 24 News since June, ethylene glycol domestic ex-factory price continued to rise to date, up to 18%. 23rd (Monday) The ex-factory price of ethylene glycol in Jilin Petrochemical and Fushun Petrochemical Company was again raised 100 yuan/ton. Analysts said that the manufacturers of the price adjustment for the earlier rally, in fact, ethylene glycol prices have been under pressure. Financial profit Po, the current savings rate increased by 1000% according to great Wisdom News, domestic ethylene glycol factory ex-factory price rebound since June, continued to rise since. To Yanshan Petrochemical as an example, the ex-factory price of ethylene glycol reached 7200 yuan/ton on June 27, since then continued to rise to 8500 yuan/ton, up to 18%. Yu Xiaohong, a Sino-woo information analyst, explained that the market price of ethylene glycol is mostly in import prices, domestic ethylene glycol is still in short supply, with August data for example, domestic ethylene glycol consumption in 1.005 million tons, and the actual domestic output in 324,000 tons, most rely on import supplement. Therefore, the manufacturers to adjust prices for the earlier rally, the market price increases bearing pressure. Treasure Island analyst Wang to the Big intelligence news agency, said that the early ethylene glycol continued to rise for nearly 3 months, mainly because of tensions in Syria to push up crude oil prices, the cost of ethylene glycol support; In addition, Taiwan and other land ethylene glycol installation overhaul, resulting in 5-July Import Volume drop, the supply and demand Social mobility is tight and will not change until the end of June. The above reasons support the price of ethylene glycol continued to rise. Ethylene glycol concept Unit includes: Dan Technology, Hua Lu Sheng, Donghua technology and so on.