The latest p value price of ethylene glycol on January 11 was 5091.67 yuan / ton.
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In terms of inventory, as of January 10, the total inventory of ethylene glycol in the main ports of East China was 703000 tons, an increase of 18900 tons, an increase of 2.76%, and an increase of 6000 tons, an increase of 0.86%, compared with last Thursday.
In terms of units, 800000 tons of ethylene glycol will be discharged and put into operation; Yanshan Petrochemical’s current load of 80000 tons of ethylene glycol is maintained at 60%. It is expected to shut down for maintenance on January 18 and continue until mid March.
At present, the profit margin of ethylene glycol continues to narrow, the purchase intention of downstream factories is weak, the new unit is about to be put into operation, the supply and demand side is empty, the MEG outer disk is weak in the afternoon, and the ship cargo negotiation in recent months is estimated to be around 665 US dollars / ton. The price of coal and crude oil fell, and the cost side was weak.
Forecast: weak shock.
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