The latest p value price of ethylene glycol on October 14 was 6900 yuan / ton
In terms of inventory, as of October 14, the total inventory of ethylene glycol in the main port of East China was 490300 tons, and ethylene glycol continued to be in a low inventory state.
Some downstream polyester units still reduce the load or stop, and the purchasing mood is poor. Although the capital gradually leaves the site, and the future price of ethylene glycol has recently stepped into adjustment, the prices of raw materials such as crude oil and power coal remain high, and the port inventory is low. Although the arrival volume of ethylene glycol surges, it depends more on the unloading speed of the port. In general, the fundamentals are still relatively strong, which limits the room for price reduction of ethylene glycol.
Forecast: the adjustment trend is obvious, and the wait-and-see atmosphere is gradually strong.
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