The latest p value price of ethylene glycol on January 10 was 5108.33 yuan / ton.
In terms of devices, a 150000 ton C device in Xinjiang Tianying was shut down for maintenance in early January and is expected to be around 2 months. A new 800000 ton ethylene glycol unit in Zhenhai, Ningbo is expected to be put into operation near January 12, and its front cracking has been put into trial operation on January 5. A 750000 ton Weg unit 2# line of Zhejiang Petrochemical stopped near January 3, and the restart time is uncertain. Yangzi’s 300000 ton ethylene glycol production capacity recently shut down due to equipment reasons, and the shutdown time is expected to be around the 10th.
The restriction of international turbulence and epidemic situation on the demand side has led to repeated horizontal jumps in crude oil prices, fluctuations in the mentality of naphtha market, cautious pursuit of higher prices, and continuous rise in thermal coal. Downstream polyester demand is soft, PTA market is declining, and the demand side is weak.
Forecast: MEG storage callback pressure.
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