On the supply side, total domestic ethylene glycol production increased 6.3 percentage points month-on-month, and coal production increased 3.6 percentage points month-on-month last week. Ethylene glycol port stocks in East China's main port area fell by 67,000 tons month-on-month this week, and port inventories fell to a historically low level. The main port in East China is scheduled to arrive at about 37,000 tons last week. It is estimated that imports to Hong Kong will remain low in September. 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, there are few imported supplies, port inventories have fallen to historic lows, and spot circulation is still tight. Coupled with the escalation of the geographical situation, oil prices have soared sharply. It is expected that short-term ethylene glycol futures will maintain a strong pattern, participate actively, and pay attention to the strait traffic situation, imports to the port, and energy price trends.

On the supply side, total domestic ethylene glycol production increased 6.3 percentage points month-on-month, and coal production increased 3.6 percentage points month-on-month last week. Ethylene glycol port stocks in East China's main port area fell by 67,000 tons month-on-month this week, and port inventories fell to a historically low level. The main port in East China is scheduled to arrive at about 37,000 tons last week. It is estimated that imports to Hong Kong will remain low in September. 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, there are few imported supplies, port inventories have fallen to a historically low level, and spot circulation is still tight. Coupled with the escalation of the geographical situation, oil prices have soared sharply. It is expected that short-term ethylene glycol futures will maintain a strong pattern, participate actively, and pay attention to the strait traffic situation, imports to the port, and energy price trends.