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SWHY: The supply and demand of ethylene glycol is narrowing, and profitability is expected to rise.
In 2023-2024, with the expansion of production capacity for downstream products like polyester filament and bottle flakes, the demand for ethylene glycol has significantly increased, driving a recovery in market conditions. It is expected that under tightening supply and demand, there is potential for the central price of ethylene glycol to continue to rise.