The recent domestic ethylene glycol market, the larger changes, abundant supply, downstream polyester operating rate decreased, fundamentals turned weak. Commodity into a weak, the mainstream business to reduce the intention of the city, coupled with a long time to consolidate the market to bring a lot of instability, the domestic ethylene glycol market fell sharply on Friday.
| PVA |
At present, the coal-to-ethylene glycol plant has been restarted. According to the data, the current load of coal-based ethylene glycol plant has reached about 83%. The integrated device is stable and the working load is about 93%. Domestic ethylene glycol production this month will be a substantial increase, is expected to break the historical high of 500,000 tons.
From the comparison of polyester operating rates from 2015 to 2017, it can be seen that although this year’s polyester operating rate is still at a relatively high level, but for three consecutive weeks of decline, as well as harsh environmental policy, the terminal weaving Poor start stability, downstream procurement and more on-demand procurement-based, the overall turnover of weak atmosphere.
| POLYVINYL ALCOHOL |
Finally, from the MEG electronic disk can be seen, has been wearing a number of moving average, and 5, 10 day moving average has been formed Sicha. Plus below 7100 line, and 7000 and other important integer mark psychological support, the market pessimistic attitude to further spread. Fundamentals are weak, technical shows weakness, the overall market trend will be weak.