In the near future, the market price of diethylene glycol in China has gradually dropped, and the market price increase in East China and South China has a large gap. The market situation of South China market is in the trend of local supply and tide. From the figure we intuitively see in early July, East China and South China prices began to gradually significant price gap, and the end of July with the rapid price rise, the price of South China from 6500 yuan / ton position quickly pulled up to 7100 yuan / ton , The market for the South China market prices quickly up, summed up the reasons for three:
First of all, the southern region of Guangdong and Fujian, a slight tight supply of goods, which heard the inventory level in Guangdong is slightly lower, as of last weekend, Guangdong local stocks probably maintained at 1,600 tons level, of course, most of them or bonded goods. Fujian stock levels and Guangdong region comparable to the last week, Fujian Province, the level of inventory maintained at 1,200 tons position. Overall, the total amount of local inventories in South China decreased significantly over the same period.
Second, the local prices in South China continued to fatigue, part of the July price of goods in southern China relative to the local prices in South China is relatively appropriate, and supply more supply in southern China, after understanding, this week began, there are 4,000 tons of Taiwanese cargo arrived in Hong Kong, 2000 tons of Saudi Arabia Cargo and 2,000 tons of Iranian goods arrived in succession. Seemingly large total, the status quo in southern China or will quickly ease the situation, but understand that some of the goods have not yet been ported, have been booked on the way. Then the overall situation in southern China does not rule out the urgency of the situation will slow down the ease.
| PVA 1799 (PVA BF17) |
Again, the price, the early South China region prices quickly pulled up, the price was rushed to 7100 yuan / ton position, but after some of the cargo is about to arrive, the local high prices in South China have come down one by one, the market manipulation of the disc more cautious and conservative; Monday deadline, the local price in South China to maintain 6650-6700 yuan / ton low-end imports from the mention, high-end domestic sent to.
Comprehensive local situation in South China, short-term cargo situation will be with the goods coming to Hong Kong will be eased, but the spot in southern China in short supply, and supply circulation is still tight. And the market for long-term diethylene glycol is still a good long-term expectations, the trend to a good state, the short-term does not rule out a narrow range of adjustment to run.
| PVA 1788 (PVA BP17) |