| Ethylene glycol is one kind of bulk basic organic chemical raw materials, whichhas great strategic significance. With large market scale, China’s ethylene glycoltrading is very active, while the change of market price is very dramatically. Thisarticle analyses the composition of China’s ethylene glycol market, and divides themarket to two parts, namely the contract markets and spot markets. The two marketsoperate respectively on comparative independence. By using thestructure-conduct-performance model of the industrial organization theory, this articleanalyses the structure of the two different markets. The contract market is oligopolymonopoly market and the sales determine their sale price by using cooperative strategy.The spot market is a perfect competitive markets, the market is price is determined by thesupply-demand balance. And as the market development, the macroeconomic situation, themoney policy, and the price of the related product have become important factor which affectthe market price. Meanwhile, this article also evaluates the market performance ofChina’s ethylene glycol market. Considering the fact that China’s ethylene glycol ishigh dependence on the import trading, it is great significant to promote theproduction capacity of domestic ethylene glycol. And the method of synthesizingethylene glycol by using coal is one effective way to promote domestic ethyleneglycol market. |
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