The latest p value price of ethylene glycol on December 16 is 5000 yuan / ton.
In terms of inventory, as of December 16, the total inventory of ethylene glycol in the main ports of East China was 633600 tons, an increase of 24500 tons, an increase of 4.02%, and 12600 tons, an increase of 2.03%, compared with last Thursday.
On December 15, the spot price of ethylene glycol in East China market was 4937.5 yuan / ton, up 10 yuan / ton from the previous trading day and 39.83 yuan / ton from last week.
The Federal Reserve sent a signal to fight inflation. In addition, oil demand hit a record high, crude oil inventories fell more than expected, oil prices were boosted to a certain extent, and pit coal prices stabilized. The storage of ethylene glycol accumulates slightly, the arrival volume increases, the external market is deadlocked, the profit space of polyester at the demand end and downstream is squeezed, the operating load decreases slightly, and the delivery of ethylene glycol at the port is general. Overall, MEG fundamentals have not changed much.
Forecast: interval shock.
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