The latest p-value price of ethylene glycol on June 14 was 5160 yuan / ton, unchanged from the previous trading day. The year-on-year increase was 4.24%.
Oil prices rose in volatile trading on Tuesday as global supply constraints outweighed concerns that fuel demand could be affected by the economic recession and domestic restrictions on the epidemic. Under the support of cost, ethylene glycol rebounded slightly today, the basis negotiation was slightly stronger, the external market rose slightly in the afternoon, and the recent negotiation price of shipping cargo was around us $635 / ton. However, the overall trading of ethylene glycol market is still light, and the enthusiasm of production enterprises is low due to benefit reasons. MEG port inventory fluctuation is limited. As of June 13, the total inventory of ethylene glycol in the main ports in East China was 1148100 tons, an increase of 2100 tons, or 0.18%, compared with last Monday, and a decrease of 1700 tons, or 0.15%, compared with last Thursday. The downstream PFY market sales were weak, some polyester manufacturers stopped for maintenance, the polyester operating rate declined slightly, and the market outlook was cautious.
Forecast: it is difficult to expect a substantial increase in terminal demand, with range fluctuations.
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