The latest p-value price of ethylene glycol on May 30 was 4966.67 yuan / ton, unchanged from the previous trading day. The year-on-year decrease was 0.47%.
At present, ethylene glycol is mainly adjusted along with crude oil. Today, the futures are stronger, the spot market price in Zhangjiagang is higher, and the basis negotiation is stable. The inventory of major ports in East China decreased slightly, but remained high overall. As of May 30, the total inventory of ethylene glycol in major ports in East China was 1170700 tons, a decrease of 7100 tons, or 0.60%, compared with last Monday, and a decrease of 13800 tons, or 1.17%, compared with last Thursday. The outer disk market fluctuated in a narrow range today, and the recent negotiated price of cargo was around us $610 / ton. The atmosphere of actual orders in the market is general. The production and sales in the polyester market are light, mainly based on contracts. The demand for replenishment is not urgent, and there is no significant substantive improvement in the fundamentals for the time being.
Forecast: low range fluctuation.
| POLYVINYL ALCOHOL |