1、 Price trend
(Figure: curve of P value of diethylene glycol product)
According to the data of business news agency, on June 24, the average p value of diethylene glycol market price was 5800 yuan / ton, down 1043.33 yuan / ton from the beginning of the month, down 15.25%.
On Tuesday, the price of glycol dropped slightly. The ex factory quotation of Sinopec in North China was reduced by 100 yuan / ton, and the ex factory quotation of Sinopec in East China was reduced by 150 yuan / ton.
2、 Market analysis
As of Monday, the total inventory of diethylene glycol in East China’s main ports was 1644 tons, down by 2420 tons or 12.83% from last Tuesday.
The demand of downstream polyester end is general, and the purchasing enthusiasm is not high. Although the price fell in a narrow range and the demand increased slightly, the wait-and-see attitude of tourists was still obvious, the enthusiasm for entering the market was not high, and they maintained purchasing on demand. The operating rate is basically the same. The upward movement of crude oil price gives certain support to the market. The increment of the market supply side is limited, and the demand side is still slightly flat.
3、 Future forecast
The market price of diethylene glycol has been reduced continuously, and there are many negative factors in the current market. However, the increase in domestic supply was less than expected, the international crude oil continued to rise sharply, and the strength of the crude oil side led to the collective strength of commodities. Long short game, short-term domestic diethylene glycol or will be a narrow shock operation.
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