Ethylene glycol import is expected to pick up in the second quarter

美国和沙特是国内乙二醇主要的进口来源国。一季度受装置停车影响，美国和沙特方面出口到国内的货源都出现缩减，预计一季度月度乙二醇进口量降至50万吨以下，不过当前海外货源有回流至国内的迹象。一方面，欧洲市场乙二醇价格回落，加上土耳其地震后当地部分需求损失，此前由美国以及伊朗发往欧洲的货源回流至中国市场，涉及3万—4万吨，预计3—4月可陆续抵达中国。另一方面，印度IOC新产能运行稳定，挤出当地的乙二醇进口，伊朗BCCO在2月下旬已将其印度市场的货源陆续发往中国，预计3月下旬抵达中国。因此，乙二醇二季度进口量将增加，预计月均进口量回升至55万吨以上。

The United States and Saudi Arabia are the main import countries of ethylene glycol. Affected by the shutdown of the plant in the first quarter, the supply of goods exported to China by the United States and Saudi Arabia both shrank. It is estimated that the monthly import of ethylene glycol in the first quarter will fall below 500000 tons. However, there are signs that the overseas supply will return to China at present. On the one hand, the price of ethylene glycol in the European market fell back, plus the loss of some local demand after the earthquake in Türkiye. Previously, the supply of goods sent from the United States and Iran to Europe flowed back to the Chinese market, involving 30000 to 40000 tons. It is expected that they will arrive in China in March and April. On the other hand, the new production capacity of Indian IOC is stable, squeezing out the local ethylene glycol imports. Iran BCCO has successively shipped its supplies in the Indian market to China in late February, and is expected to arrive in China in late March. Therefore, the import volume of ethylene glycol in the second quarter will increase, and the average monthly import volume is expected to rise to more than 550000 tons.

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