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Recently, market participants said that it is expected that the development of the global ethylene glycol market in the second half of 2022 will still be very complex and uncertai.
Market sources said the potential for a sharp fall in Asian prices remained limited as weak profit margins could allow less cost-competitive ethylene glycol producers to reduce load rate.
In the .
In Europe, traders in the European market said that with the deterioration of the macroeconomic situation, the international oil price remained at around $100 per barrel, and the demand for ethylene glycol in Europe is expected to slow down in the second half of 2022. Inflation is already near or reaching double digits in some European countries, which is expected to slow down final consumer deman.