The latest p-value price of ethylene glycol on May 12 was 4958.33 yuan / ton, unchanged from the previous trading day. Year on year decrease of 4.34%.
Oil prices fell more than 2% on Thursday amid concerns about the recession, supply concerns and geopolitical tensions in Europe. In the afternoon, Meg’s external market fluctuated. Recently, the negotiated price of cargo was US $608-610 / ton and the transaction price was US $606-608 / ton. Ethylene glycol is still below the profit and loss line, the restart of the unit is delayed, the pressure on the supply side is small, and the port shipment volume has improved. As of May 12, the total inventory of ethylene glycol in the main port of East China was 1.616 million tons, an increase of 20300 tons, an increase of 1.78%, and an increase of 8400 tons, an increase of 0.73%, compared with last Thursday. However, the downstream demand follow-up is general, and the polyester start-up fluctuates little.
Prediction: low shock.
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