The latest p value price of ethylene glycol on November 16 was 5380 yuan / ton.
In terms of inventory, as of November 15, the total inventory of ethylene glycol in the main ports of East China was 589300 tons, a decrease of 15200 tons or 2.51% compared with last Monday and 13900 tons or 2.30% compared with last Thursday.
On November 15, the spot price of ethylene glycol in East China market was 5445 yuan / ton, up 215 yuan / ton compared with the previous trading day and down 210 yuan / ton compared with last week.
Oil prices fluctuated in the game of tight inventory and the suppression of demand by the epidemic. In the afternoon, Meg’s external offer was shaken and sorted out. Recently, the ship’s offer was slightly higher than US $695 / T, and the offer was near us $690 / T. it was estimated that it was around us $695 / T through negotiation. With the decline of coal purchase price and the relaxation of power restriction, some manufacturers are planning to restart the unit, the operating rate of MEG coal route is slightly upward, and the downstream polyester plants just need to purchase due to the high pressure of product inventory and the weak support of futures market. From the perspective of fundamentals, there has been no significant improvement in the short term.
Forecast: low shock.
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