Ethylene glycol daily review (20211102)

The latest p value price of ethylene glycol on November 2 was 5900 yuan / ton.

In terms of units, the 400000 T / a ethylene glycol unit of Fulian refinery is planned to be shut down for maintenance in November 6, and it is expected to be shut down for 30-35 days; The 500000 T / a ethylene glycol unit of Fude energy was originally planned to be shut down for maintenance in early November. At present, the planned shutdown time has been delayed; A 300000 t / a syngas to ethylene glycol unit in Anhui was originally planned to start in October. Considering the benefit factors, its start-up plan is further postponed, and the specific time is to be determined.

In the afternoon, MEG was dominated by external consolidation, the downward trend of coal price at the cost side continued, the commencement of ethylene glycol fell slightly, the commencement of polyester and loom at the downstream increased, the inventory of ethylene glycol at the port accumulated for two consecutive weeks, there was no significant fluctuation in arrival expectation, and the import increment was slow.

Forecast: maintain a wide range of shocks.

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