The latest p-value price of ethylene glycol on May 5 was 4975 yuan / ton, up 2.05% from the previous trading day and down 3.08% year-on-year.
Oil prices continued to rise on Thursday after the EU formulated a plan to impose new sanctions on Russia, including a crude oil embargo within six months, offsetting concerns about weak demand in China, and the cost of ethylene glycol was well supported. Ethylene glycol is running with strong crude oil today. The recent cargo negotiation of MEG outer plate is around us $635-655 / ton, but the downstream polyester construction is still at a low level, and the current weak pattern of production and sales continues.
Forecast: interval shock.
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