Last week, the domestic ethylene glycol market stabilized after falling. By the end of the day, the domestic ethylene glycol spot cans offer price and self-equivalent transaction price were respectively 8,000 yuan/ton and 8,000 yuan/ton, which was lower by about 150 yuan/ton compared with the same period last week; ethylene glycol out of South China market Can quotes and transaction prices were 8,500 yuan / ton 8,450 yuan / ton, also lower than the price of the same period last week, 50 yuan / ton. The ethylene glycol US dollar plate market rose first and then suppressed. To date, the ocean cargo has been offered at US$1075-1080 per ton. Negotiations and transaction prices have been around US$10,071/ton, which has fallen by US$23/ton from the closing price of the previous weekend.
During the week, the domestic ethylene glycol market stabilized after falling. Weekend crude oil closed lower, and the industry's mentality was frustrated. The fundamentals continued to weaken during the week, and the port inventory continued to increase, while the downstream polyester factory stocks were sufficient, and the purchase intention remained weak during the week. Ethylene glycol port high inventory backlog, part of the forced supply of low-cost selling, and heard that there are still more than 100,000 tons waiting for the storage, under the pressure of the storage industry under the poor attitude of the market down. However, the price fell to around 8,000 yuan/ton. There is support at the whole price level. There are many companies that have sentiment, and the market has stabilized.
At present, the international crude oil is firm and turbulent. The raw material ethylene is operating at a high level. The profit of ethylene glycol production is compressed, and the supplier's offer is firm. Large orders and low price are reluctant to sell. However, the high ethylene glycol port inventory, the support of short-term downstream demand for raw materials to digest slowly, although the advent of polyester consumption season, but the high inventory of raw materials in the short term difficult to digest. In a nutshell, it is expected that the ethylene glycol market will be dominated by a narrow range next week.
During the week, the domestic ethylene glycol market stabilized after falling. Weekend crude oil closed lower, and the industry's mentality was frustrated. The fundamentals continued to weaken during the week, and the port inventory continued to increase, while the downstream polyester factory stocks were sufficient, and the purchase intention remained weak during the week. Ethylene glycol port high inventory backlog, part of the forced supply of low-cost selling, and heard that there are still more than 100,000 tons waiting for the storage, under the pressure of the storage industry under the poor attitude of the market down. However, the price fell to around 8,000 yuan/ton. There is support at the whole price level. There are many companies that have sentiment, and the market has stabilized.
At present, the international crude oil is firm and turbulent. The raw material ethylene is operating at a high level. The profit of ethylene glycol production is compressed, and the supplier's offer is firm. Large orders and low price are reluctant to sell. However, the high ethylene glycol port inventory, the support of short-term downstream demand for raw materials to digest slowly, although the advent of polyester consumption season, but the high inventory of raw materials in the short term difficult to digest. In a nutshell, it is expected that the ethylene glycol market will be dominated by a narrow range next week.
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