The latest p value price of ethylene glycol on December 28 was 4875 yuan / ton.
In terms of inventory, as of December 27, the total inventory of ethylene glycol in the main ports of East China was 659200 tons, a decrease of 33600 tons or 4.85% compared with last Monday and 24400 tons or 3.57% compared with last Thursday.
On December 27, the spot price of ethylene glycol in East China market was 4793 yuan / ton, down 62 yuan / ton from the previous trading day, a decrease of 1.28%.
The upstream crude oil market is expected to expand due to market expectations that the Omicron COVID-19 variant has limited impact on global demand. The arrival of ethylene glycol is expected to decrease and the port inventory is removed from the warehouse. However, in the long run, the production of new units still has an impact on the market mentality. MEG spot atmosphere is stalemate, the external market is light in the afternoon, and the recent cargo negotiation is around us $635 / ton. The demand side polyester market is still weak, and there is no significant change in the short term.
Forecast: the fundamentals continue to be weak and fluctuate at a low level.
| sulphamic acid |