What industrial products are related to the rise and fall of ethylene glycol

In recent years, ethylene glycol has been widely used in the chemical industry, and its price directly affects the profits and costs of related industries. In recent times, the price of ethylene glycol has fluctuated significantly, and its related industrial varieties have also been affected.

The biggest impact on the primary industry is polyester. Ethylene glycol is one of the main raw materials for polyester production, and the price of polyester tends to rise as the price of ethylene glycol rises. At the beginning of 2021, the price of ethylene glycol rose sharply, and the price of polyester also soared. This has put greater pressure on the production costs and profitability of the polyester industry.

Acrylonitrile is the one that will be most affected in the secondary industry. Ethylene glycol is a key raw material for acrylonitrile production, especially in some low-end acrylonitrile production lines, ethylene glycol accounts for a larger proportion. Therefore, an increase in the price of ethylene glycol will directly lead to an increase in the production cost of acrylonitrile, which will have a certain adverse impact on the production and profits of the acrylonitrile industry.

Among the tertiary industries, the plastic products industry is greatly affected by the price of ethylene glycol. As an important raw material, ethylene glycol is widely used in the production of various plastic products. When the price of ethylene glycol rises, the cost of producing and selling plastic products will rise accordingly. This has brought certain challenges to the profitability and market competitiveness of the industry.

In short, the rise and fall of ethylene glycol prices is directly related to the production costs and profitability of related industries. All industries should keep abreast of the price dynamics of ethylene glycol and take reasonable countermeasures to reduce the adverse impact of price fluctuations on the industry.