1、 Price trend
(Figure: p-value curve of diethylene glycol product)
According to the data of business news agency, on July 9, the average p value of diethylene glycol market price was 6066 yuan / ton, down 10 yuan / ton from last Friday, down 0.16%.
On Tuesday, the price range of glycol fluctuated, Sinopec’s ex factory quotation in East China was temporarily stable, and Sinopec’s ex factory quotation in South China was increased by 100 yuan / ton.
2、 Analysis of influencing factors
As of July 8, the total inventory of diethylene glycol in East China’s main ports was 20000 tons, an increase of 0900 tons or 4.71% over last Wednesday. The total amount of diethylene glycol delivered in Zhangjiagang mainstream reservoir area was 1350 tons, 498 tons lower than the previous working day.
Sinopec’s South China unit runs smoothly. At present, the production line of diethylene glycol of PetroChina northeast Jilin Petrochemical Company is shut down for maintenance, and it is expected to restart in late July. It is mainly supplied to users in Northeast China, most of them are produced and used by themselves, and the export volume is small.
3、 Analysis and forecast
The downstream trading atmosphere is general, production and sales are light, and the inventory of products has not been effectively reduced. On the supply side of the market, the import volume and domestic volume of the terminal increased slowly, the daily delivery volume of the terminal decreased, and the inventory picked up slightly. The overall performance of the market demand side is weak. It is expected that the short-term diethylene glycol market will continue to run in a narrow range.
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