The latest p value price of ethylene glycol on December 30 was 4908.33 yuan / ton.
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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 29, the spot price of ethylene glycol in East China market was 4805 yuan / ton, up 10 yuan / ton from the previous trading day and 1.33 yuan / ton from last week.
Weak coal prices and sluggish PE demand are further depressing ethylene prices. Oil prices have risen for several consecutive days, and U.S. fuel demand has remained good, reducing the impact of Omicron on economic growth. The Ministry of Commerce recently issued the first batch of crude oil import quotas in 2022, totaling 109.03 million tons. The quota was 11% lower than that in the same period last year. In the afternoon, the focus of Meg’s external market rose, and the negotiation was around us $635 / ton. The demand side of polyester is still under pressure and the negotiation is weak.
Forecast: low shock.
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